Stock market extends gains marginally by 0.02%
The Nigerian Exchange Ltd. (NGX) recorded a marginal gain of N6 billion on Thursday due to sustained bargain-hunting.
Specifically, the market capitalisation, which opened at N28.658 trillion, rose by N6 billion or 0.02 per cent to close N28.664 trillion.
Also, the All-Share Index increased by 10.91 points or 0.02 per cent to close at 52,626.42 against 52,615 .51 achieved on Wednesday.
As a result, the year-to-date (YTD) return stood at 2.68 per cent.
The gains were driven by price in Access Holdings, Ecobank Transnational Incorporated (ETI) and Wapco.
Consequently, market breadth closed positive as 29 stocks were on the gainer’s table while 11 were on the laggards’ log.
International Energy Insurance led the gainers’ table in percentage terms, gaining 9.76 per cent to close 45k per share.
Computer Warehouse Group trailed with 9.47 per cent to close at N1.04, while Caverton Offshore Support Group rose by 9.38 per cent to close at N1.05 per share.
John Holt followed with a gain of 9.09 per cent to close at 52k, while Linkage Assurance grew by 8.33 per cent to close at 52k per share.
On the other hand, C&I Leasing led the losers’ chart in percentage terms, losing 10 per cent to close at N3.15 per share.
Chams and Sovereign Trust Assurance dipped by 7.14 per cent each to close at 26k per share, respectively. UPDC Real Estate Investment Trust dropped by 6.06 per cent to close at N3.10, while Royal Exchange lost by 5.56 per cent to close at 85k per share.
Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 59.32 per cent.
A total of 129.04 million shares valued at N1.82 billion were exchanged in 3,183 deals.
Transactions in the shares of Zenith Bank d topped the activity chart with 18.55 million shares valued at N445.74 million. GTCO followed with 18.52 million shares worth N451.13 million, while United Bank for Africa (UBA) traded 9.73 million shares valued at N78.62 million.
Royal Exchange traded 9.39 million shares valued at N7.79 billion, while Access Holdings transacted 7.68 million shares worth N69.49 million
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Africa
Nigeria, Côte d’Ivoire seek stronger bilateral cooperation
Nigeria and Côte d’Ivoire have agreed to review existing bilateral agreements, assess their implementation and explore new areas of cooperation.
Abuja
Former VP Osinbajo explains how Nigeria can move forward
The former vice-president added that the greatest legacy in leadership was not what was accumulated but what was contributed to make life better for all.
States
FG reaffirms commitment to modernising Nigeria’s museums
Defence minister Christopher Musa called on citizens to cherish their heritage and work together against forces that want to divide them.
Politics
APC chieftain unveils alliance to deepen grassroots mobilisation for Tinubu, Shettima re-election
APC chieftain Ibrahim Ajia unveiled the Ajia Progressive Alliance for Asiwaju/Shettima to galvanise grassroots support for President Bola Tinubu’s re-election bid in 2027.
States
Presidency hails Uzodimma’s infrastructure drive in Imo
The presidency commended the scale and quality of infrastructure development in Imo.
Rights
Father uses hot iron to burn 10-year-old daughter’s private parts for bedwetting
The command’s spokesperson said that the suspect allegedly used a hot laundry iron to burn the private parts of his daughter’s body for bedwetting.
