The unlisted securities market closes its last session in June
By Dipo Olowookere
Renewed interest in Nigerian stocks pushed the benchmark up 0.03% on Thursday, which was the last trading day of June.
Business post observed that investors were showing interest in stocks from the financials sector and a bargain-hunting pocket in energy and consumer goods stocks.
This propelled the Nigerian Exchange (NGX) Limited’s All-Share Index (ASI) up 13.61 points to 51,817.59 points from 51,803.98 points as the market capitalization rose by $7 billion. naira to 27,935 billion naira from 27,928 billion naira.
A total of 20 stocks gained points yesterday, with University Press leading the way after rising 9.79% to N2.58. McNichols rose 9.73% to N2.03, Cornerstone Insurance rose 9.09% to 72 KB, Consolidated Hallmark Insurance improved 8.96% to 73 KB, while John Holt rose from 8.70% to 75 Kobo.
According to data from the exchange, 18 stocks lost weight during the session, with PZ Cussons leading after falling 9.86% to N1.05. Tripple Gee fell 8.42% to 87 Kobo, Prestige Assurance was down 7.50% to 37 Kobo, Honeywell Flour fell 7.07% to N2.76, while RT Briscoe fell 6.38 % to 44 Kobo.
FBN Holdings was the most active stock on Thursday as it traded 36.6 million shares worth 424.1 million naira, Transcorp traded 26.5 million shares for 32.6 million Naira, UBA traded 17.5 million shares worth N130.5 million, GTCO sold 15.2 million shares worth N310.1 million, while Zenith Bank traded 14.1 million shares worth N305.1 million.
In total, traders bought and sold a total of 223.1 million shares valued at N3.9 billion in 4,213 transactions, compared to 416.5 million shares worth N3.5 billion. naira traded Wednesday in 4,466 transactions.
A review of the performance of key sectors showed that the energy, insurance and banking counters increased by 0.42%, 0.41% and 0.28% respectively, while the goods sectors consumer goods and industrial goods depreciated by 0.21% and 0.15%. a piece.