The Nigerian Exchange (NGX) Limited did not finish in the green on Friday, but investor sentiment improved as the number of price gainers outweighed the number of price losers, indicating positive market breadth.
The stock market closed flat yesterday, but activity increased, with trading volume increasing by 14.35%, trading value increasing by 6.67%, and the number of deals decreasing by 15.39%.
This was due to investors transacting 157.0 million shares worth N1.6 billion in 2,952 transactions, compared to 137.3 million shares worth N1.5 billion in 3,489 transactions.
During the session, Capital Hotel traded 36.4 million shares, UBA traded 17.9 million stocks, Access Holdings traded 14.7 million shares, Fidelity Bank sold 10.3 million shares, and AIICO Insurance traded 10.1 million shares.
Multiverse led the losers’ table on the week’s final trading session, falling 9.92% to N3.45. Veritas Kapital fell 4.76% to N20 Kobo, Chams fell 4.00% to N24 Kobo, Access Holdings fell 2.333% to N8.40, and Sterling Bank fell 1.95 percent to N1.51.
United Capital increased by 9.91 percent to N12.20, Prestige Assurance increased by 9.76 percent to 45 Kobo, Royal Exchange increased by 7.46 percent to 72 Kobo, Livestock Feeds increased by 6.86 percent to N1.09, and RT Briscoe increased by 4.17 percent to 25 Kobo.
According to bourse data, the energy sector closed flat, while the banking sector gained 0.37 percent, the insurance sector gained 0.07 percent, the consumer goods index gained 0.03 percent, and the industrial goods index gained 0.02 percent.
According to EntrepreneurNG, the All-Share Index (ASI) fell 0.22 points to 54915.39 points after closing at 54,915.61 points on Thursday, while market capitalization remained unchanged at N29.916 trillion.
