Replacing Russian Oil Shortage Almost Impossible – OPEC Tells EU

By Dipo Olowookere

The Nigerian Stock Exchange (NGX) Limited closed 0.19% higher on Friday on sustained bullish sentiment driven by demand for financial stocks, consumer goods and industrial goods.

The growth displayed by domestic equities during the session occurred in key sectors of the stock exchange, with the consumer goods index rising 1.39%, the bank meter gaining 1.34, the space insurance rose 0.98, the energy sector rose 0.79, while the industrial goods index improved 0.13 percent.

Consequently, the All-Share Index (ASI) gained 99.08 points to close at 50,935.03 points, up from 50,835.95 points on Thursday, while the market capitalization increased by 54 billion naira to end at 27,460 billion naira against 27,406 billion naira the day before.

Livingtrust Mortgage Bank was the most traded stock on the exchange yesterday, trading 88.6 million units valued at N99.2 million and was followed by Transcorp, which sold 40.5 million units worth N48.3 million.

Fidelity Bank traded 30.4 million shares worth N112.0 million, Courteville traded 29.6 million shares worth N14.8 million, while Zenith Bank traded 24.1 million shares worth N588.7 million.

At the close of the deals, a total of 466.3 million shares worth N5.3 billion were traded in 7,442 deals, compared to 462.6 million shares worth 8, 3 billion naira traded in 6,801 transactions a day earlier, indicating a 0.80% increase in transactions. volume, a 9.43% increase in the number of transactions and a 36.08% decline in market value.

Investor sentiment was very strong on Friday as the breadth of the market closed positive with 44 stocks up and 14 stocks down.

Caverton gained 10.00% to trade at N1.32, Champion Breweries rose 9.87% to N3.34, Learn Africa improved 9.81% to N2.35, International Breweries rose appreciated 9.76% to N6.75, while Cadbury Nigeria gained 9.72% to finish at N13.55.

Conversely, Livingtrust Mortgage Bank ended the session at the top of the losers chart with a price depreciation of 9.68% to sell at N1.12, CWG fell 6.25% to trade at 90 kobo , Stanbic IBTC was down 61.7% to N34.20, Ikeja Hotel was down 5.19% to N1.28, while Veritas Kapital was down 4.55% to 21 kobo.

Source link

About Bob C. Zoller

Check Also

Businesses scramble to keep up with demand despite heat wave and supply shortage

ATLANTA, Ga. (CBS46) — As dangerously hot temperatures escalate in metro Atlanta, businesses are trying …