Salamatu Ejembi, Lagos Last updated Nov 29, 2023
The Nigerian Exchange Limited, NGX reverted to the positive trajectory at the close of the third trading session for the week, as the benchmark index grew by 0.34%.
At the close of trading activities on Wednesday, the market capitalisation gained ₦133bn to close at ₦39.008trn when compared to Tuesday’s ₦38,875trn.
Similarly, the All-Share Index advanced by 0.34% or 242.29 basis points to close at 71,283.34 basis points from 71,041.05 basis points.
Investors on the floor of the Exchange traded 360.601 million units of shares worth ₦6.611 billion in 6,579 deals where GUARANTY TRUST HOLDING COMPANY PLC was the most traded stock by volume and value at 56.91m units traded worth ₦2.19bn.
Renewed investor interests in SEPLAT ENERGY PLC, NESTLE NIGERIA PLC and TRANSNATIONAL CORPORATION PLC pushed the broader index into positive terrain.
Consequently, the year-to-date (YTD) return rose to 39.09%, while the Month-to-Date (MTD) rose +3.0%.
Analysis of today’s market activities showed the value of transactions went up by 17.64% while the total volume traded declined by 32.6%.
Market breadth closed negative with 40 declining issues outnumbering 21 advancing ones.
SEPLAT ENERGY PLC grew from ₦2,100.10k per share to ₦2,310.10k per share, by ₦210.00 or 10.00 percent. Followed by MEYER PLC with a growth from ₦3.27k per share to ₦3.59k per share, gaining 0.32k or 9.79 percent. And SUNU ASSURANCES NIGERIA PLC rose from ₦1.36k per share to ₦1.49k per share by 0.13k or 9.56 percent.
On the flip side, GUINEA INSURANCE PLC declined from 0.30k per share to 0.27k per share, losing -0.03k or -10.00%. OMATEK VENTURES PLC trailed with a drop from 0.81k per share to 0.73k per share, losing -0.08k or -9.88%. And ABBEY MORTGAGE BANK PLC fell from ₦1.86k per share to ₦1.68k per share, by -0.18k or -9.68%.
Analysing by sectors, the Oil & Gas (+6.1%), Insurance (+1.2%), and Consumer Goods (+0.9%) indices posted gains, while the Industrial Goods index closed flat. The Banking (-0.6%) index was the sole loser of the day.
