NGX: Equities investors gain 0.14% amid bullish sentiments
By Philemon Adedeji
Opening the week yesterday, equities investors rebounded by 76.36 basis points or 0.14 per cent to close at 55,605.57 basis point from 55,529.21 basis points it closed trade last week Friday.
Investor interest in telco heavyweight, MTNN (+1.22 per cent), alongside WAPCO Insurance (+0.19 per cent) and United Bank of Africa (UBA) (1.16 per cent) kept the market in the positive territory, offsetting losses in Zenith Bank (-1.13 per cent), Guaranty Trust Holding Company (GTCO) (-0.75 per cent) and Nigerian Breweries (-0.97 per cent).
Absolutely, the year-to-date (YTD) return rose to 8.50 per cent, while market capitalization appreciated by N41.60 billion to close at N30.291 trillion.
Analysis of yesterday’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 6.72 per cent.
The trade volume decreased to 123,545,108 million units valued at N2.483 billion were exchanged in 4,076 deals.
Transnational Corporation led the volume chart with 11.80 millon units traded while Geregu Power led the value chart in deals worth N604.27 million.
As measured by market breadth closed negative as Julius Berger led 16 gainers on the performance board, while Computer Warehouse Group led 20 stocks on the losers chart
On the advancers logs, Julius Berger emerged as the most price gainer which appreciated by 10.00 per cent to close at N26.95 per share, closely followed by Unity Bank which gained 9.26 per cent increased to close at N0.59 per share, while International Energy Insurance rose significantly by 8.33 per cent to close at N1.30 per share.
Livestock which recorded as the last fourth gainer grew by 4.67 per cent to close at N1. 12 per share, Chams plc appreciated by 4.00 per cent to close at N0.26 per share.
On the decliners board, Computer Warehouse Group came as the most price loser which lost 7.14 per cent to close at N0.91 per share, closely followed by FTNCOCOA processor which shed 6.67 per cent to close at N0.28 per share, while Oando Plc which recorded as the last third loser went down by 4.39 per cent to close at N4.36 per share.
Courtville Business Solution depreciated by 4.17 per cent to close at N0.46 per share, while Japaulgold which recorded as the last fifth loser dropped by 3.45 per cent to close at N0.28 per share.
Transaction in the shares of Transnational Corporation topped the activities chart with 11.799 million shares worth N15.361 million, Guaranty Trust Holding Company which followed sold 9.396 million shares valued at N248.301 million, while United Bank of Africa (UBA) accounted 9.191 million shares worth N79.044 million.
Oando Plc transacted 8.354 million shares valued at 36.778 million, while Fidelity Bank traded 6.447 million shares worth N33.185 million.
