The Nigerian Exchange Limited raked in N33.32bn in market capitalisation as trading closed on Thursday following a rise in trading volumes by 102.75%.
According to analysis by sectors, the NGX Banking index, Industrial Goods and Consumer Goods indices saw gains while the NGX Insurance index fell.
The exchange All-Share index rose by 0.16% to close at 40,829.15 basis points from 40,765.20bps the previous day just as the market capitalisation of stocks increased from N21.24tn to N21.28tn.
At the closing of trading on the floor of the NGX, a total of 812.30 million shares valued at N10.58bn were traded in 4,863 deals compared to 400.65 million shares worth N3.48bn in 5,145 deals.
FBN Holdings Plc was the most traded stock on Thursday as it occupied 27.14% of the total volume of trades and 44.37% of the total value of trades on the exchange.
Market sentiment as measured by market breadth was positive as 23 companies gained, relative to 20 losers. University Press Plc topped the gainers’ chart with a 9.92% increase to close at N1.44 per share. Coming next was Presco Plc which rose by 5.92%, ending the day at N85.00 per share. Other top gainers were CHAMS Plc (+4.76%), Universal Insurance (+4.76%), and Ecobank Transnational Incorporated (+3.45%).
Atop the losers’ was BOC Gases plc whose stock dropped by 9.87% to N10.50 per share. Caverton Offshore Support Group Plc followed closely with a 9.71% decline, closing at N1.58 per share. AXA Mansard Insurance Plc, Courtville Business Solutions Plc and Sovereign Trust Insurance Plc also saw losses at 4-4.88%, -4.355 and -3.23% respectively.