The Nigerian Exchange Limited investors finished on Thursday with a positive trend as investors gained N313bn. After the close of trading on Wednesday, the eighth consecutive day win experienced in the NGX market was cut short as a market capitalisation loss of N638bn to close at N44.885tn.
All-Share Index increased by 0.70% on renewed investors' interest to close at 82,597.08, while market capitalisation closed by N45.198tn, which contributed to a year-to-date return of 10.46%.
The market recorded 48 gainers against 22 losers at the close of trading. Several stocks attracted positive attention from investors during Thursday's rebound.
Top Gainers: Guinea Insurance, Royal Exchange, Julius Berger, Cadbury Plc and The Initiates Plc, whose stocks increased by 10%, 10%, 9.92%, 9.77%, and 9.74%, respectively, to close at N0.44, N0.99, N56.50, N21.90, and N1.69 per unit.
Top Losers: Abbey BDS, Ikeja Hotel, Caverton, Daar Communication and NPFMCRBK lost 9.90%, 9.90%, 9.66%, 9.38%, and 7.91%, respectively.
Trading activity levels on Thursday declined as trading volume and value were affected. Traded volume declined by 46.55% to 877.28 million units, and a 43.20% decrease in the total traded value, totalling N14.41bn. However, total deals increased by 26.23%, reaching 14,919 trades.
Positive investor sentiment was observed, with the banking index leading gainers with a 2.73% increase. Positive movements in the prices of United Bank for Africa, FBN Holding, Fidelity Bank and Sterling Financial Holding Company Plc drove this.
Read more: https://www.investingport.com/ngx-investors-gain-n313-billion-after-thursday-trading/