June 27, (THEWILL) – The local bourse extended yesterday’s positive performance, driven by renewed interest in Transcorp which closed at N19.36 from N17.60 per share (+10%), and UBA closing at N11.60 from N11.45 per share (1.31%)
With market capitalisation closing at N32.7 trillion as against N32.3 trillion on Monday, investors recorded N421 billion gain.
Thus, the All-Share Index advanced by 1.3% to 60,108.86 points. Accordingly, the Month-to-Date and Year-to-Date returns rose to +7.8% and +17.3%, respectively.
The total volume traded increased by 38.2% to 763.70 million units, valued at NGN12.53 billion, and exchanged in 9,463 deals. ACCESSCORP was the most traded stock by volume at 111.67 million units, while GTCO was the most traded stock by value at NGN2.69 billion.
Sectoral performance was broadly positive as the Banking (+3.5%), Oil & Gas (+3.2%), Consumer Goods (+0.4%), Industrial Goods (+0.2%), and Insurance (+0.2%) indices recorded gains.
As measured by market breadth, market sentiment was positive (3.9x), as 51 tickers gained relative to 13 losses. .
On the unified exchange window, the Naira appreciated by 0.7% to N763.oo at I&E Window as against N768.17 recorded on Monday. Daily Turnover was $245.65 million representing 24 percent increase over Monday’s $198.13 million
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
