The Nigerian inventory alternate maintained its constructive buying and selling development for the second day in a row, gaining N329 billion.
The All-Share Index and market capitalization rose by 0.58 % to shut at 104,100 factors and N56,961tn respectively, whereas the market achieve up to now this yr rose to 39.22 %.
Nonetheless, market breadth, which is a measure of investor sentiment, was unfavorable, as evidenced by the 24 winners and 27 losers on the finish of buying and selling.
College Press (9.96 %), Juli Plc (9.84 %), Mutual Advantages Assurance (9.38 %), Daar Communications (8.82 %) and Honeywell Flour Mill (7.50 %) contributed to the upward motion of the ASI.
Efficiency inside the subsectors was comparatively constructive, as insurance coverage, client items and industrial items indexes rose 0.18 %, 0.22 % and 1.95 % respectively.
The banking index fell 1.32 %, whereas the oil and fuel sector carried out weakly.
Regardless of the rise within the ASI, buying and selling actions on the NGX have been subdued in comparison with the day before today, with the overall worth traded declining by 42.89 % to N6.91 billion.
The amount of shares traded additionally fell 33.35 % to 284.49 million models, whereas the variety of offers fell 5.62 % to eight,168.
The most important decliners of the day have been Unilever, Julius Berger and Morison, which misplaced 9.80 %, 9.64 % and 9.60 % respectively to shut at N16.10, N50.60 and N2.73.
Warranty Belief Holding Firm emerged as probably the most traded safety by way of quantity and worth, with 56.61 million models price N2.22 billion, altering palms in 326 offers.
