On Tuesday, the Nigerian Exchange (NGX) Limited performed mediocrely as investors focused on Christmas sales. This resulted in some profit-taking during the session, leaving the market flat.
Yesterday, the market breadth was negative, with 16 price losers and 11 price gainers, indicating a lacklustre investor sentiment.
The stock with the highest price increase, UPDC REIT, rose 8.62 percent during the session to settle at N3.15, while Royal Exchange rose 5.95 percent to 89 Kobo. Ardova gained 4.19 percent to N17.40, Vitafoam gained 3.57 percent to N21.75, and Custodian Investment gained 2.75 percent to N5.60.
Neimeth, on the other hand, was the biggest price decliner for the day, falling 9.66% to trade at N1.31. SCOA Nigeria fell 9.41 percent to 77 Kobo, UPDC fell 7.07 percent to 92 Kobo, RT Briscoe fell 6.90 percent to 27 Kobo, and Chams fell 4.55 percent to 21 Kobo.
According to Entrepreneurng, the banking and energy sectors gained 0.27 percent and 0.22 percent, respectively. In comparison, the insurance and consumer goods counters lost 0.27 percent and 0.01 percent, respectively, with the industrial goods space closing flat.
The All-Share Index (ASI) increased by 1.22 points at the close of business to 49,416.18 points from 49,414.96 points, while market capitalisation increased by about N1 billion to N26.916 trillion from N26.915 trillion.
On Tuesday, the activity chart was mixed, as trading volume increased while trading value and the number of transactions decreased.
A total of 100.1 million equities worth N1.30 billion were traded in 3,186 deals, up from 76.7 million equities worth N1.33 billion traded in 3,260 deals the day before, representing a 34.00% increase in the volume of trades, a 2.26 percent decrease in the value of transactions, and a 2.27 percent decrease in the number of deals.
GTCO was the session’s most active stock, selling 16.4 million units. Consolidated Hallmark Insurance traded 9.3 million units, UBA traded 7.1 million units, FTN Cocoa also sold 7.1 million units, and Access Holdings traded 5.3 million units.
