The Nigerian Exchange Ltd. (NGX) market indices on Thursday sustained growth, posting a marginal gain of 0.05 per cent in a cautious trading.
Specifically, the All-Share Index rose by 49 points or 0.05 per cent to close at 104,056.21 compared to 104,007.31 posted on Wednesday.
Also, the market capitalisation, which opened at N58.806 trillion, closed at N58.834 trillion to gain N28 billion.
As a result, the Year-To-Date (YTD) return also rose to 39.16 per cent.
Investors renewed interest in FBN Holdings, alongside sustained interest in Access Corporation (AccessCorp) and Dangote Sugar, Unilever Nigeria, UPDC, among others, boosted the market performance.
Analysis of the market activities indicated trade turnover settled lower relative to the previous session, with the value of transactions down by 18.76 per cent.
A total of 226.31 million shares valued at N7.41 billion were exchanged in 5,823 deals, compared to 326.95 million shares valued at N9.12 billion exchanged in 9,570 deals recorded on Wednesday.
On the activity chart, FBNH led in volume with 28.56 million shares traded in value of N993.17 million, Transcorp followed by 27.07 million shares worth N436.66 million.
AccessCorp sold 25.27 million shares worth N602.12 million, GTCO traded 13.86 million shares valued at N609.88, while Zenith Bank transacted 13.29 million shares worth N511.50 million.
Meanwhile, market breadth closed negative with 19 equities on the laggard’s table and 22 others on the leader’s.
On the gainer’s table, Royal Exchange Assurance led by 9.72 per cent to close at 79k, Unilever Nigeria followed by 9.59 per cent to close at N16, while Tantalizers rose by 8.57 per cent to close at 38k per share.
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UPDC Real Estate Investment Trust appreciated by 7.14 per cent to close at N1.50 and Regency Alliance Insurance rose by 5.41 per cent to close at 39k per share.
Conversely, International Energy Insurance led the loser’s table in percentage of 10 to close at N1.35, SUNU Assurances followed by 9.93 per cent to close at N1.27 per share.
International Breweries trailed by 9.91 per cent to close at N4, Consolidated Hallmark Plc lost 9.40 per cent to close at N1.35 and Unity Bank shed 5.18 per cent to close at N1.83 per share. (NAN)
