University Press, Mutual Benefit Assurance, and Daar Communication Plc led the Gainers tables, as the equity recorded N329 billion gains on the floor of Nigeria Exchange yesterday.
During the trading session, the NGX All Share Index closed on a positive note at 104,100.00 points, witnessing a notable uptick of 0.58%.
This upward movement can be attributed to buy-side interest in noteworthy stocks, particularly GEREGU 6.47%, BUACEMENT 5.87%, FIDELITYBNK 5.34%, BUAFOODS 1.56%, and others.
The year-to-date performance remains robust, showcasing a significant growth rate of 39.22%, with monthly returns indicating a 2.91% increase. However, the market breadth, which is a measure of investors’ sentiments, was negative as reflected in 24 gainers and 27 losers at the close of trading.
University Press (9.96 percent), Juli Plc (9.84 percent), Mutual Benefits Assurance (9.38 percent), Daar Communications (8.82 percent), and Honeywell Flour Mill (7.50 percent) contributed to the upward movement of the ASI.
GTCO took the lead in trading volume, demonstrating an impressive exchange of 56.60 million units.
Following closely were TRANSCORP and UBA, with 33.17 million units and 18.37 million units traded, respectively.
In the realm of trading value, GTCO also emerged as the leader with NGN 2.21 billion, trailed by GEREGU and UBA with NGN 1.03 billion and NGN 452.95 million, respectively.
The Insurance, Consumer, and I.T./Communication sectors displayed positive performances, witnessing growth rates of 0.64%, 0.26%, and 0.03%, respectively.
Conversely, the Banking, Oil & Gas, and Industrial sectors exhibited negative performances, with decline rates of -0.94%, -0.16%, and -0.06% respectively.
Despite the rise in ASI, trading activities on the NGX were lackluster compared to the previous day with total traded value dipping by 42.89 per cent to N6.91bn.
The major decliners for the day were Unilever, Julius Berger, and Morison which lost 9.80 percent, 9.64 percent, and 9.60 percent respectively to close at N16.10, N50.60, and N2.73 each.
