NGX closes bullish as ASI appreciates 0.04%

By Cynthia Ezekwe

Trading activities on the Nigerian Exchange platform (NGX) began the week on a bullish note as the All-Share-Index (ASI) notched a 0.4 per cent gain to close at 52,369.13 points.

The Month-to-Date (MtD) depreciated by o.1 per cent, while the Year-to-Date (YtD) settled at an increase of 2.2 per cent.

Meanwhile, total volume traded declined by 61.1 per cent to 315.69 million units, valued at N4.03 billion, and exchanged in 5,847 deals.

ZENITHBANK was the most traded stock by volume and value at 53.43 million units and N1.38 billion, respectively.

On sectoral performance, the insurance sector appreciated 1.3 per cent; banking gained 0.9 per cent, and consumer goods increased by 0.4 per cent, while the oil & gas sector depreciated by 0.6 per cent. However, the industrial goods index was flat.

The market breadth closed positive as 31 equities led by IKEJAHOTEL topped the gainers table, while 15 equities led by SOVRENINS topped the losers chart.

IKEJAHOTEL increased by 9.9 per cent, alongside ACADEMY which appreciated 9.8 per cent to top the gainers list; while NCR shed 9.7 per cent alongside SOVRENINS which depreciated by 8.9 per cent recorded the most significant losses of the day.