On Thursday, trading on The Nigerian Exchange (NGX) ended with mixed results with a bullish bias, as the market capitalization increased by N8 billion.
The market capitalization increased by N8 billion to N29.696 trillion, up from N29.688 trillion on Wednesday.
Gains in large and medium-capitalized stocks, such as Zenith Bank, Guaranty Trust Holding Company (GTCO), and Nigerian Breweries, as well as Veritas Capital, aided the recovery.
In addition, the NGX All-Share Index rose 12.54 points, or 0.02 percent, to close at 25,520.20 points, up from N54,507.66 the previous day.
The year-to-date (YTD) return rose to 6.38 percent. Market breadth closed negative with declining issues outnumbering advancing ones.
Courteville Business Solutions topped the losers’ chart in percentage terms, shedding 9.62 percent to close at 47k per share.
Computer Warehouse Group followed with a loss of 8.99 percent to close at 81k, while NGX Group shed 6.69 percent to close at N26.50, per share.
Fidelity Bank dipped 4.65 percent to close at 41k, while Transcorp lost 3.27 percent to close at N5.03 per share.
On the other hand, Tripple Gee led the gainers’ table in percentage terms, gaining 9.70 percent to close at N1.81 per share.
Japaul Gold & Ventures followed with 7.14 percent to close at 30k, while RTBricoe gained 7.14 percent to close at 30k per share.
Living Trust Insurance gained 6.90 percent to close at N2.17, while Veritas Kapital added five percent to close at 21k per share.
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 17.28 percent.
A total of 125.86 million shares valued at N3.60 billion were exchanged in 2,670 deals.
