Banking And Oil & Gas Sector Lift NGX-ASI By 0.21% As 11plc Officially Delist

Local Appetite For Bonds Continues To Weight Yields Down.

The Nigerian bourse closed transactions for today (Friday) positively to halt the three days consecutive trading losses, as the NGX-ASI expanded by 0.21%.

The positive sentiment was impacted to investors’ buy interest in banking and oil & gas stocks like SEPLAT, STANBIC, GUARANTY, ACCESS, and ZENITH, and 20 others. However, the market breadth closed positively, recording 25 gainers against 15 losers.

In summary, the All-Share Index (ASI) increased by 84.02 absolute points, representing a growth of 0.21% to close at 39,198.75 points. While the overall Market Capitalization value lost N39.05 billion, representing a decrease of 0.19% to close at N20.43 trillion due to the delisting of 11Plc (formerly Mobil Plc) from the NGX.

LINKASSURE emerged as the joint-top gainers (by percentage points) for today, with a maximum price appreciation of 9.52%, while NEM emerged as the top loser (by percentage points) with a maximum price depreciation of -9.50%.

Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; UBN(+9.09%), ROYALEX(+8.33%), CHIPLC(+8.33%), CADBURY(+7.69%), REGALINS(6.90%), LIVESTOCK(+4.05%), HONYFLOUR(+3.48%), FCMB(+3.45%), OANDO(+3.33%), SEPLAT(+2.58%), STANBIC(+2.40%), MANSARD(+2.27%), ZENITH(+1.14%), GUARANTY(+0.86%), DANGSUGAR(+0.85%), ACCESS (+0.62%) and UCAP(+0.34%).