Domestic equities market index rebounds by 0.14% on Insurance Stocks



Uba Group

The NGX All-Share Index gained 0.14 percent to close at 55,605.57 points. Consequently, the index’s year-to-date performance inched closer to double digits by climbing to 8.50 percent despite the Exchange printing a higher number of losers (20) than gainers (16).

Specifically, share prices of tickers such as JBERGER, INTENGINS, AIICO, and WAPCO gained by 10.00 percent, 8.33 percent, 3.39 percent, and 0.19 percent, respectively, amid renewed investor confidence. Performance by sub-sector index pointed to a mixed sentiment as the NGX Banking and NGX Consumer Goods Indices moderated by 0.29 percent and 0.14 percent, respectively, while the NGX Insurance and NGX Industrial Indices rose by 0.11% and 0.01%, respectively.

The NGX Oil/Gas Index remained unchanged from the previous trading day. In the broader market, the NGX Premium and the NGX-30 index increased by 38 basis points and 13 basis points, respectively.

Meanwhile, trading activity decreased, with total volume and value declining by 83.54 percent and 6.72 percent, respectively, to 4,076 trades and N2.48 billion. In terms of volume, TRANSCORP was the most active stock, with 11.80 million shares worth N15.36 million changing hands in 98 deals.