TOP GAINERS TABLE: NGX WITNESSES IMPRESSIVE PERFORMANCE, MUTUAL BENEFIT ASSURANCE LEADS, WITH EQUITY SURPASSING N329 BILLION.
University Press, Mutual Benefit Assurance, and Daar Communication Plc took the lead in the gainers’ tables, as the equity witnessed gains of N329 billion on the Nigeria Exchange floor yesterday.
In the course of the trading session, the NGX All Share Index concluded positively at 104,100.00 points, experiencing a notable increase of 0.58%.
This upward shift can be attributed to the interest in buying notable stocks, specifically GEREGU (6.47%), BUACEMENT (5.87%), FIDELITYBNK (5.34%), BUAFOODS (1.56%), and others.
The year-to-date performance remains strong, showing a significant growth rate of 39.22%, with monthly returns indicating a 2.91% rise. However, the market breadth, indicating investors’ sentiments, was negative, reflecting 24 gainers and 27 losers at the close of trading.
University Press (9.96%), Juli Plc (9.84%), Mutual Benefits Assurance (9.38%), Daar Communications (8.82%), and Honeywell Flour Mill (7.50%) contributed to the upward movement of the ASI.
GTCO led in trading volume, with 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 terms of trading value, GTCO also emerged as the leader with NGN 2.21 billion, followed by GEREGU and UBA with NGN 1.03 billion and NGN 452.95 million, respectively.
The Insurance, Consumer, and I.T./Communication sectors showed positive performances, with growth rates of 0.64%, 0.26%, and 0.03%, respectively.
On the other hand, 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 the total traded value decreasing by 42.89% to N6.91 billion.
The major decliners for the day were Unilever, Julius Berger, and Morison, which lost 9.80%, 9.64%, and 9.60%, respectively, closing at N16.10, N50.60, and N2.73 each.
News Reporter Tobi Adetunji
News Source From Techeconomy
