The Nigerian Exchange (NGX) Limited rebounded by 0.05 per cent on Thursday following renewed buying interest in Unilever Nigeria, International Breweries, Wema Bank, and others.
The upliftment recorded yesterday happened amid weak investor sentiment as the bourse ended with 18 appreciating equities and 45 declining equities, implying a negative market breadth index.
According to data from Customs Street, International Energy Insurance gained 10.00 per cent to trade at N3.41, ABC Transport grew by 9.93 per cent to N9.08, Unilever Nigeria appreciated by 9.80 per cent to N168.00, Academy Press soared by 9.74 per cent to N8.45, and Eunisell chalked up 9.41 per cent to sell for N209.95.
On the other side, Berger Paints depreciated by 10.00 per cent to finish at N147.60, Learn Africa moderated by 9.96 per cent to N11.75, DAAR Communications eased by 9.95 per cent to N1.90, RT Briscoe retreated by 9.93 per cent to N12.79, and May and Baker lost 9.61 per cent to settle at N46.55.
Yesterday, the consumer goods and the banking indices were up by 0.52 per cent and 0.03 per cent, respectively, while the insurance sector went down by 0.55 per cent, the energy index decreased by 0.10 per cent, and the industrial goods segment crumbled by 0.01 per cent.
When trading activities ended for the session, the All-Share Index (ASI) increased by 113.02 points to 249,175.39 points from 249,062.37 points, and the market capitalisation expanded by N72 billion to N159.733 trillion from N159.661 trillion.
A total of 1.1 billion stocks valued at N31.0 billion exchanged hands in 62,448 deals during the session versus the 600.2 million stocks worth N32.7 billion traded in 58,958 deals at midweek, indicating a shortfall in the trading value by 5.20 per cent, and a surge in the trading volume and number of deals by 83.27 per cent and 5.92 per cent, respectively.
Sterling Holdings led the activity chart with 322.7 million units valued at N2.6 billion, Japaul exchanged 96.4 million units worth N416.2 million, Fidelity Bank traded 57.0 million units for N1.3 billion, Access Holdings sold 52.2 million units worth N1.3 billion, and Lasaco Assurance transacted 42.5 million units valued at N86.7 million.
