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Lagos
25.2 C
Lagos
Thursday, August 11, 2022
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Nigeria’s equity market 0.28% as gains in Bua, Flour Mills lift ASI

The Nigerian equity market gained marginally on Friday by 0.28 per cent with Bua Cement, Flour Mills and Fidelity Bank driving the gain.

The All Share Index (ASI) settle at 50,722.33 points compared with 50,582.30 points the previous day.

The market capitalization of equities listed on the NGX increased to N27.358 trillion from N27.277 trillion the previous close.

The total volume traded closed with an exchange of 148.810 million units valued at N1.93 billion traded in 4,091 deals.

The market breadth was positive with 24 gainers as against 10 losers.

The NGX 30 Index marginally increased by 0.01 per cent to close at 1,828.66 points as against 1,828.50 points at the previous close.

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Market turnover closed with a traded volume of 68.82 million units. Flour Mills and Fidelity were the key gainers, while Unilever and Guinness were the key losers.

Across market indices under our purview, performance was largely bullish as four indices gained while the Insurance index declined by 0.4 per cent.

The Consumer Goods and Oil and Gas indices gained 1.52 per cent and 0.37 per cet respectively. Also the Industrial Goods and Banking indices gained 0.35 per cent and 0.06 per cent respectively.

Top gainers in today’s trading session were led by ETERNA(+10.0 per cent), MULTIVERSE(+9.9 per cent) and JAPAULGOLD (+9.6 per cent), while UNILEVER(-10.0 per cent), SKYAVN(-8.7 per cent) and GUINNESS (-8.3 per cent) emerged as today’s biggest losers.

For today’s trading activities, the total volume and value traded gained 14.1 per cent and 18.7 per cent to 148.8 million to N1.9 billion respectively. HONYFLOUR, GTCO and FBNHled the volume chart with 22.0mn units, 21.6mn units, and 11.3mn units respectively. On the other hand, GTCO, ZENITH BANK, and MTNNled the value chart by N445.6mn, N223.1mn and N172.4mn respectively.

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