Business
Buying interest in banking stocks drives NGX-ASI by 0.33%
Buying interest in the shares of some banks, especially Access Holdings Plc and Guaranty Trust Holding (GTCO), yesterday, lifted the Nigerian Exchange Limited (NGX) All-Share Index (ASI) by 0.33 per cent.
The equity market closed on a positive note as the NGX ASI closed at 71,907.26 basis points, compared to the previous day’s gain of 0.18%, which closed at 71,669.91 basis points.
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Equities gained N130 billion as the market capitalization closed at N39.349 trillion. The major contributors to the market’s growth were stocks like ACCESSCORP which gained 0.99% with a turnover of N380 million and GTCO with a turnover of N849 million.
The NGX ASI year-to-date return is at 40.30% while market activities measured by volume traded declined by 14.86% to close at N319.56m, valued at N5.88bn and traded in 6,498 deals. JBERGER was the most traded stock by volume and value with N42.54m and N1.46bn units traded. It was followed by ZENITHBANK (-0.14%) with 22.99 million units, FCMB (+0.74%) with 22.86 million units, GTCO (+0.64%) with 21.59 million units, and ACCESSCORP (+0.99%) with 18.80 million units.
At the close of trading, the market recorded 23 gainers, 23 losers, and 74 unchanged. Top 3 gainers were Infinity Trust Mortgage Bank (9.97%), SCOA Nigeria (9.46%) and DAAR Communication (8.82%) while the top 3 losers were Guinea Insurance (-10.00%), Conoil (-9.83%), and Julius Berger Nigeria (-9.72%).
