The Nigerian Exchange (NGX) Limited gained 0.50 percent due to renewed buying interest from investors looking to re-enter the market ahead of the Christmas sales.
The All-Share Index (ASI) rose by 244.98 points at the close of business to 49,233.02 points, up from 48,988.04 points, and market capitalisation increased by N132 billion to N26.815 trillion, up from N26.683 trillion.
According to Entrepreneurng, traders scoured the market for stocks that could provide them with lucrative returns in the coming days. As a result, 20 stocks finished on the winners’ list, while eight finished on the losers’ list.
This examination revealed that the market breadth was positive and investor sentiment was very strong.
CAP was the best-performing equity, rising 9.88% to N17.80, followed by Ardova, which rose 9.51 percent to N16.70, Cornerstone Insurance, which rose 8.33 percent to 52 Kobo, Thomas Wyatt, which rose 8.12 percent to N2.13, and Learn Africa, which rose 8.12 percent to N2.13.
McNichols was the worst-performing stock yesterday, losing 10% to trade at 54 Kobo, Geregu lost 8.11% to N102.00, Chams lost 4.35 percent to 22 Kobo, GTCO lost 1.91 percent to settle at N20.50, and United Capital lost 1.46 percent to N13.50.
On Thursday, investors transacted 222.8 million equities worth N2.1 billion in 2,756 transactions, compared to the previous day’s 88.0 million equities worth N1.7 billion in 2,832 transactions, representing a 2.68 percent decrease in the number of transactions and a 153.2 percent increase in trading volume and value, respectively.
Sterling Bank was the most traded stock on the exchange yesterday, selling 153.3 million units, followed by GTCO (10.5 million units), Zenith Bank (8.7 million units), FBN Holdings (5.0 million units), and UBA (4.5 million units).
The insurance sector increased by 1.07 percent, the energy sector increased by 0.62 percent, the banking sector increased by 0.58 percent, the industrial goods sector increased by 0.13 percent, and the consumer goods sector increased by 0.15 percent.
