Gains in Buafoods, GTCO, others lift capitalisation to N250bn
By Philemon Adedeji
Opening the week yesterday, trading activities on the Nigerian Exchange Limited (NGX) closed in green zone driven by buy interests in BUAFOODS (+9.29 per cent), alongside Tier-1 banks, GTCO (+0.14 per cent) and STANBIC (+1.74 per cent) kept the market in the green which led capitalisation to gain N250.1 billion.
The NGX All Share Index (ASI) rose by 481.32 basis points representing 0.71 per cent stronger to settle at 65,202.41 basis points from 64,721.09 basis points it closed for previous trading day.
Consequently, the year-to-date (YTD) return rose to 27.22 per cent, while market capitalisation gained N250.01 billion to close at N35.68 trillion.
The market upturn performance was impacted by gain recorded in medium and large capitalised stocks which are: Buafoods, SCOA, AXA Mansard Insurance, Livestock, Transnational Corporation among others.
The breakdown of yesterday’s market performance showed trade turnover settled lower relative to the previous session, with the value of transactions down by 57.50 per cent.
TRANSCORP (+5.29 per cent) led the volume chart with 36.84 million units traded while MTNN led the value chart in deals worth N1.45 billion.
The market sentiment as measured by market breadth close positive as 31 stocks constituted the gainers versus 15 stocks that constituted the losers on the laggards.
The trade volume decreased to 231,599,974 million shares worth N3.992 billion which were exchanged in 5,494 deals.
Johnholt led the losers with 9.66 per cent to close at N1.59 per share, closely followed by SCOA which appreciated by 9.40 per cent to close at N1.28 per share, while Buafoods rose by 9.29 per cent to close at N152.90 per share.
AXA Mansard Insurance which recorded as the last fourth gainer went up by 6.85 per cent to close at N3.90 per share, while Livestock which came as the last fifth gainer grew by 6.82 per cent to close at N1.80 per share.
On the other hand, Tantalizer emerged as the highest price loser with 10.00 per cent to close at N0.30 per share, followed by Omatek Venture which depreciated by 9.09 per cent to close at N0.30 per share, while Jaiz Bank lost 7.78 per cent to close at N1.54 per share
Consolidated Hallmark Insurance which came as the last fourth loser suffered 7.61 per cent to close at N7.61 per cent to close at N0.85 per share.
Cornerstone Insurance which recorded as the last fifth loser shed 6.15 per cent to close at N1.22 per share.
Transaction in the shares of Transnational Corporation topped the activities chart with 36.837 million shares worth N159.312 million, Universal Insurance which followed traded a volume of 16.989 million shares valued at N3.611 million, while Guaranty Trust Holding Company transacted 15.442 million shares worth N563.447 million.
Jaiz Bank transacted 14.464 million shares value at N22.895 million.
Consolidated Hallmark Insurance accounted 12.751 million shares worth N10.690 million.
