Kayode Tokede
The inventory market yesterday sustained its constructive run for the second day because the market indicator gained 0.35 per cent on traders’ buy-interest in Transcorp Energy Plc and 9 others.
The NGX All Share Index (ASI) rose by 342.57 foundation factors or 0.35 per cent to shut at 99,190.46 foundation factors. Accordingly, market capitalisation gained by N193 billion to shut at N56.083 trillion.
Consequently, the inventory market Month-to-Date and 12 months-to-Date returns settled at -0.8per cent and +32.7per cent, respectively.
From a sectoral perspective, the NGX Insurance coverage dropped by 3.2per cent and NGX Client Items (-dropped by 0.8per cent, whereas the NGX Banking superior by 1.1per cent
In the meantime, the NGX Industrial Items and NGX Oil & Gasoline indices closed flat.
As measured by market breadth, market sentiment was destructive, as 10 shares gained relative to 37 losers. Transcorp and Transcorp Energy recorded the very best value achieve of 10 per cent every to shut at N17.27 and N290.40 respectively, whereas FBNH adopted with a achieve of 9.88 per cent to shut at N31.15, per share.
TIP went up by 9.77 per cent to shut at N2.36, whereas Juli appreciated by 9.71 per cent to shut at N4.52, per share.
Then again, Worldwide Breweries and NASCON Allied Industries led the losers’ chart by 10 per cent every to shut at N4.32 and N48.15, respectively, whereas Could & Baker Nigeria adopted with a decline of 9.93 per cent to shut at N5.08, per share.
Thomas Wyatt Nigeria depreciated by 9.85 per cent to shut at N1.83 and C&I Leasing declined by 9.84 per cent to shut at N3.48, per share.
The full quantity traded decreased by 7.33 per cent to 398.134 million items, valued at N31.789 billion, and exchanged in 10,976 offers.
Transactions within the shares of Transcorp Energy topped the exercise chart with 87.486 million shares valued at N25.406 billion. Transcorp adopted with 68.031 million shares price N1.175 billion, whereas United Financial institution for Africa (UBA) traded 23.350 million shares valued at N519.512 million.
Entry Holdings traded 18.473 million shares valued at N380.967 million, whereas FBNH bought 17.912 million shares price N540.509 million.
