The Nigerian bourse closed on Thursday slightly positive, as the All-Share Index, Market Capitalization surged by +0.10%, to close at 21,121.20 points and N11trillion respectively.
The market upturn was paired with strong trading activity, as total volume and value traded on the local bourse jumped by +65.38% and +62.11 % respectively, at 255.59mn shares valued at N2.864bn, in 4,418 deals.
ZENITH BANK was the most traded stock by volume at 100.83 million units, followed by GTB with 38.18 million units of trades.
Sectoral performance remained bearish, as three out of the five indices dropped. However, the Industrial Index finished up by 2.37%, while the Oil & Gas Index closed flat.
The Banking Index led the laggards with a -2.19% depreciation, followed by the Consumer Goods sector depleting by -1.89%, while the Insurance Index trailed at -0.84%.q
The Lenders and Consumer Goods contraction was driven by sell-offs in FBNH (-5.13%), ACCESS (-4.35%), ZENITH BANK (-3.51%), and NB (- 9.27%), while WAPIC (-3.85%) closed the NSE Insurance Index south. Conversely, DANGCEM (+9.93%) buoyed the Industrial Index.
DANGCEM up 9.93% to close at N128.4; FLOUR MILL up 5.48% to close at N20.2; GLAXOSMITH up 9.09% to close at N4.8; LIVESTOCK up 9.38% to close at N0.7, and UNIONDAC up 4.00% to close at N0.26.
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MTNN down 5.69% to close at N92.8; NB down 9.27% to close at N22.5; ZENITH BANK down 3.51% to close at N11; STANBIC down 1.65% to close at N23.9, and INTBREW down 6.54% to close at N5.