Gains recorded by Dangote Cement, Honeywell Flours (+10.0%), and Unilever buoyed the uptrend of the Nigerian equity market on Thursday.
The All-Share index appreciated by 0.11% to 39,490.06 points while market capitalisation increased by ₦21.7 billion to ₦20.6 trillion and year-to-date loss moderated to -1.9%.
Investors were highly active as volume and value traded rose 214.3% and 9.2% respectively to 570.2million units and ₦2.3 billion.
HONYFLOUR (384.1 million units), VITAFOAM (21.4 million units), and FCMB (13.6 million units) were the most active stocks in terms of volume while HONYFLOUR (₦654.2 million), VITAFOAM (₦331.2 million), and ZENITH (₦269.8 million) led by value.
The Industrial goods sector was the lone gainer, up 0.4%, on the back of buying interest in DANGCEM (+0.7%).
The Insurance and Banking sectors were the top losers, down 1.8% and 0.2% respectively, due to sell pressure on NEM (-6.3%), REGALINS (-8.5%), ETI (-1.7%) and FCMB (-1.3%).
Also, the Oil & Gas and Consumer Goods indices fell by 0.23% and 0.02% respectively, driven by price depreciation in OANDO (-1.2%) and DANGSUGAR (-2.8%).
HONYFLOUR (+10.0%), WEMABANK (+3.9%), and FLOURMILL (+3.1%) led five other gainers while TRIPPLEG (-9.3%), REGALINS (-8.5%), and PRESTIGE (-8.3%) led 19 other decliners.
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