EHIME ALEX, Lagos
All-Share Index rose by 0.1 per cent to 25,327.13 points to open the week on a positive note, as buying interests in Dangote Cement PLC, Lafarge Africa PLC and 11PLC spurred a marginal gain in the market.
Accordingly, the month-to-date gain increased to 2.6 per cent while year-to-date loss moderated to 5.6 per cent.
The total volume of trades increased by 120.4 per cent to 302.01 million units, valued at N2.63 billion and exchanged in 3,854 deals.
The United Africa Company of Nigeria was the most traded stock by volume and value at 74.42 million units and N425.23 million, respectively.
Sectoral analysis showed that the Oil & Gas recorded the highest gain with 2.0 per cent index, followed by the Industrial Goods with 0.6 per cent index, while the Banking, Insurance and Consumer Goods with 0.7 per cent, 0.6 per cent and 0.01 per cent indices declined respectively.
Market sentiment, as measured by the market breadth, was negative as 17 tickers declined relative to 11 gainers.
C&I Leasing Plc recorded the highest lost for the day with 10.0 per cent. This was followed by UACN Property Development Co PLC with a loss of 7.6 per cent, while Mobil Oil Nigeria and FTN Cocoa Processors topped the gainers’ list with 10.0 per cent and 8.3 per cent respectively.
Meanwhile, the Naira appreciated at the Investors’ and Exporters’ (I&E) window and parallel market by 0.02 per cent and 2.6 per cent to N385.67/USD and N465.00/USD, respectively.
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