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

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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%).

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