Equities trading on NGX grow by 0.5%, as Okomu Oil Palm rallies gains

Trading activities of equities on the floor of the Nigerian Exchange Limited (NGX) closed, Tuesday, with a positive sentiment largely driven by investors’ demand for Okomu Oil Palm Plc which expanded by 10.0%, Dangote Cement Plc which grew 2.3% and Flour Mills Nigeria Plc which grew 2.5%.

Consequently, the All-Share Index advanced by 0.5% or 195.3 basis points to 38,881.70 basis points from 38,686.40 basis points while the market capitalization advanced also by 0.5% or 102 billion Naira to N20,266 trillion from N20,164 trillion.

The total volume of trades increased by 3.7% to 218.51 million units, valued at N1.59 billion, and exchanged in 3,630 deals where Courteville Business Solutions Plc was the most traded stock by volume at 35.82 million units, while Zenith Bank Plc was the most traded stock by value at N349.32 million.

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However, market sentiment as measured by market breadth was negative, as 17 stocks lost relative to 15 gainers.

Topping the losers table are; CWG PLC which declined by 9.4% and Regency Assurance Plc which fell 8.2%, therefore recording the most significant losses of the day, while Okomu Oil Palm Plc which gained 10.0% and Learn Africa Plc which gained 9.0% topped the gainers’ list.

Analysing by sectors, the Industrial Goods index grew 1.1%, Consumer Goods index upped 0.6% and Oil and Gas index grew 0.1%, while the Insurance index fell 1.6% and Banking index downed by 0.1%.

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