Markets
Japaulgold, GTCO, Wema Bank drag Nigerian equity market 0.32%
Sell pressure in JAPAULGOLD, GTCO and WEMABANK caused the Nigerian equities market to drop by 0.32% to close at 3 8,801.51 points on Thursday.
The market capitalization dipped by ₦65.82billion to ₦2 0.22trillion as the year-to-date loss worsened to -3.65%.
The volume traded declined by -32.24% to 139.8million units while the value traded rose by 31.70% to ₦1.41billion.
The most active stocks by volume were UBA (16.43million units), GTCO (1 3.0 0million units) and ZENITHBANK (11.9 4million units) while GTCO (₦364.8 5mn), ZENITHBANK (₦291.5 5million) and UBA (₦123.5 5million) led by value.
The Consumer Goods and Oil & Gas indices led the gainers chart, rising by 0.27% and 2 1bps respectively owing to buy interest in HONYFLOUR ( +3.9 0%), DANGSUGAR (+1.43%) and CONOIL ( +10.00%).
Similarly, gains in WAPCO (+0.69%) and CAVERTON (+1.11%) drove the Industrial Goods (+3bps) and Services (+0.03%) indices high.
On the flip side, the ICT and Banking indices declined by 1.02% and 0.07% respectively due to losses in MTNN (-1.7 5%), GTCO (-1.23%) and WEMABANK (-1.11%).
Elsewhere, the Healthcare and Agriculture indices closed flat.
The top gainers were CONOIL (+1 0.0 0%) , CHIPLC (+8.93%), SOVRENINS (+7.69%) , REGALINS (+7.14%) and MBENEFIT (+5.5 6%) while ARDOVA (-6.25%) , VERITASKAP (-4.00%), AIICO (-2.06%) , WAPIC (-1.92%) and JAPAULGOLD (-1.92%) lost the most.
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