Rt.briscoe, FBNH, Others halts negative performance of stock market

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By Philemon Adedeji

At the Nigerian Exchange Limited (NGX), the Equities Market stopped negative posture to close in the green zone as the key market indicator moved up marginally by 5.10 basis points amid negative market breadth.

The NGX All-Share Index went up by 0.01 per cent to close at 49,445.31 basis points as against 0.07 per cent loss recorded previously to close at 49,440.21 basis points at the end of the last trading session.

Absolutely, in Naira terms, the NGX market capitalisation value gained  N3.22 billion to close at N26.670 trillion

The total volume traded advanced by 119.07 per cent to close at 147.59 million units, worth  N2.393 billion  and exchanged in 3,323 deals.

GTCO was the most traded stock by volume with 35.82 million units traded while MTNN was also the most traded stock by value which is put at N860.43 million.

Sectoral performance was broadly positive as nine NGX sector index closed northward, six  closed southward while three closed flat.

The NGX MERIGRW Index inched up by 0.92 per cent to top the gainers chart while the NGX Oil and Gas Index dipped by 2.30 per cent to top the losers’ chart.

At the close of trading, market recorded 11 gainers to 12 losers.

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.01x.

At the close of trade on Tuesday, Rt.briscoe came as the most price  gainer by 10 per cent to close at N0.33 per share, followed by First Bank Holding of Nigeria which appreciated by 5 per cent to close at N10.50 per share, while Linkage Assurance recorded as the third price gainer rose by 4.35 per cent to close at N0.48 per share.

Regalins rose by 4 per cent to close at N0.26 per share and Mutual Benefit Assurance up by 3.70 per cent to close at N0.28 per share.

On the Other hand, Total Energy recorded as the highest price loser by 9.98 per cent to close at N211.10 per share, followed by Learnafrica which depreciated by 9.71 per cent to close at N1.86 per share, while Honey flour dipped  by 8.13 per cent to close at N2.26 per share.

Cutix which recorded as the last fourth loser declined by 6.98 per cent to close at N2.00 per share and NPF microfinance bank dropped by 6.63 per cent to close at N1.55 per share.

Transaction in the share of Guaranty Trust Holding Company, (GTCO) topped the activities chart with 35.819 million share worth 693.692 million, as CapHotel followed with 21.567 million share valued by 73.544 million, while First Bank Holding of Nigeria, (FBNH) transacted 20.907 million share worth 208.916 million.

Zenith Bank accounted 11.093 million share valued by 219.148 million and Chams plc  traded 7.871 million share worth 2.353 million.

GTCO led the volume’s chart with 24.27 per cent contribution and closely followed by CAPHOTEL and FBNH.

MTNN tops the value’s chart with 35.94 per cent contribution and closely followed by GTCO and Zenith Bank.