Market cap gains amidst sell-offs, buy-interests

At the end of Thursday trading session, the Nigerian Exchange market closed positive amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 32 basis points, while the market capitalization increased by N64.93 billion.

The NGX ASI closed at 39,670.29 points, to reflect a gain of 0.32% from the previous trading day.

The stock exchange market value currently stands at N20.67 trillion from N20.60 trillion on the previous day. Its Year-to-Date (YTD) return, however, is currently settled at –1.49%.

The market breadth closed positive as NEIMETH led 23 Gainers, and 16 Losers topped by NB at the end of today’s session.

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The stock market has declined –600.43 base points since the start of the year.

Neimeth and NAHCO led the gainers table to close at N1.87 and N2.97 rising by 10 percent respectively. Honyflour  was up by 9.96 percent to close at N2.98 while BOCGAS rose by 9.90 percent to close at N11.10. PHARMDEKO up +9.79% to close at N1.57

Nigerian Breweries led the losers table with its stock going down by 8.77% to close at N52.00.CHIPLC down –6.67% to close at N0.42; SOVRENINS down –3.70% to close at N0.26;ETI down –3.64% to close at N5.30; FCMB down –3.50% to close at N3.03;

NGX ASI top traded by volume: COURTVILLE – 34,828,705.00 unitsETI – 18,675,375.00 units; TRANSCORP – 12,784,501.00 units; NAHCO – 11,270,638.00 units; HONYFLOUR – 10,980,596.00 units.

NGX ASI top traded by value; MTNN – N543,789,912.30; ZENITHBANK – N140,792,002.95; GTCO – N119,004,155.95; ETI – N102,119,019.10 and NESTLE – N89,536,727.00

Market sentiments trend towards the bulls as the market differential is in favour of the advancers as 23 losers were surpassed by 16 gainers.

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