By Chinwendu Obienyi
Despite price appreciation in bellwethers, trading activities on the Nigerian Exchange (NGX) remained bearish, marking days of flat trade that has seen its benchmark index recording little or no movement.
According to market data of Thursday’s trading session, the All Share Index (ASI) fell 0.44 per cent to close at 51,339.01 points, while market capitalisation closed at N27.685 trillion from an opening value of N27.713 trillion. AccessCorp, Zenith, Wapco and Champion Breweries was responsible for the market’s red performance.
Consequently, market’s year-to-date (ytd) return stood at +20.19 per cent.
Further analysis revealed that the volume of stocks traded stood at 115.41 million units while the value of shares traded stood at N1.20 billion, exchanged in 3,731 deals. This is in contrast to the total of 198.82 million units of shares valued at 2.18bn which were exchanged in 4,769 deals in the previous trading session.
Transcorp led the activity chart with 128.19 million units traded in deals worth N151.17 million. International Breweries sold 76.47 million valued at N47.72 million while FBN Holdings traded 74.08 million units valued at 78.77 million.
Investors’ appetite for stocks however increased as 15 securities appreciated in value while 9 others depreciated.
Academy led the gainers’ chart with 8.70 per cent to close at N2.25 per share. Regal Insurance was next with 8 per cent to close at 0.27 kobo, CWG increased by 7.95 per cent to close at 0.95 kobo, Cutix added 7.27 per cent to close at N2.16 while NAHCO garnered 5 per cent to close at N8.40.