The Nigerian Exchange (NGX) further gained 0.28 per cent on Thursday amid sustained bargain-hunting across the key sectors of the market.
According to data, the banking counter appreciated by 1.12 per cent, the insurance index went up by 0.67 per cent, the consumer goods sector improved by 0.44 per cent, the energy space grew by 0.43 per cent, and the industrial goods segment expanded by 0.18 per cent.
Consequently, the All-Share Index (ASI) increased by 87.03 points to 202,672.56 points from 202,585.53 points and the market capitalisation added N55 billion to settle at N130.459 trillion compared with Wednesday’s N130.404 trillion.
Business Post reports that the market breadth index was flat yesterday, with 31 price gainers and 31 price losers.
Trans Nationwide Express gained 9.94 per cent to close at N3.43, International Energy Insurance appreciated by 9.84 per cent to N3.46, UPDC REIT advanced by 9.63 per cent to N7.40, Guinea Insurance rose by 9.52 per cent to N1.15, and Regency Alliance went up by 9.52 per cent to N1.07.
On the flip side, Living Trust Mortgage Bank lost 10.00 per cent to trade at N4.32, RT Briscoe crashed by 9.94 per cent to N8.88, Tantalizers contracted by 9.55 per cent to N3.98, Livestock Feeds moderated by 9.40 per cent to N6.75, and VFD Group retreated by 8.85 per cent to N10.30.
The most active stock for the day was Access Holdings with 121.7 million units worth N3.2 billion, GTCO transacted 62.3 million units valued at N8.1 billion, Chams exchanged 60.7 million units for N187.4 million, Zenith Bank traded 43.7 million units worth N4.9 billion, and UBA sold 29.0 million units valued at N1.3 billion.
At the close of business, market participants bought and sold 652.9 million units for N39.8 billion in 51,101 deals compared with the 1.0 billion units worth N40.6 billion transacted in 52,723 deals at midweek, indicating a decline in the trading volume, value, and number of deals by 34.71 per cent, 1.97 per cent, and 3.08 per cent, respectively.