Equities market sees slight gain of 0.1% at NGX Thursday trading
Equities market on the floor of the NGX Thursday trading saw a marginal increase of +0.1% despite late rally by investors who swarmed to Flour Mills Nigeria Plc and PZ Cussons Plc stocks, as market capitalisation rose by 0.1% or N11 billion to close at N20,254 trillion from Wednesday’s figure of N20,243 trillion.
The NGX All-Share index closed at 38,874.13 basis points, 0.1% or 21.44 basis points higher than Wednesday’s close of 38,852.69 basis points.
The total volume of trades decreased by 19.2% to 125.80 million units, valued at N1.27 billion, and exchanged in 2,990 deals.
Mutual Benefits Assurance Plc emerged the most traded stock by volume at 13.72 million units, while Guaranty Trust Holding Company Plc topped the value market at N270.93 million.
At the close of the Thursday’s trading, 16 stocks gained, while 12 were on the losers’ list.
Nigerian Aviation Handling Company Plc was the top gainer, with 0.32k or 10.00% to close at N3.52k per share from N3.20k per share. Pharma Deko Plc increased by 0.17k or 9.55% from N1.78k per share to N1.95k per share.
On the losers table is Sovereign Trust Insurance Plc, falling from a previous selling price of 0.24k per share to 0.23k per share, thereby loosing 0.01k or 4.17%. Followed by UPDC Plc which declined 0.07k or 3.68% to close at N1.83k per share from N1.90k per share.
Insurance index led on the sectoral performance chart as it gained 0.9%. The Oil and Gas index gained 0.7%; Consumer Goods index – 0.1%, while the Banking index dropped 0.2%. The Industrial Goods index closed flat.
