BY BAMIDELE FAMOOFO
The domestic equity market All-Share Index (ASI) ballooned by 1.07 percent, climbing to 48,881.93 points as investors committed more funds to buy BUACEMENT (+9.17) shares today.
Other companies such as WAPIC (+8.11), ETI (+3.70), UBA (+1.37%), and OANDO (+1.03%) also enjoyed investors’ patronage, hence making the number of gainers (17) stand above that of the losers (10) at the close of the trading session. Hence, the year-to-date gain of the local bourse rose to 14.43 percent. Given the appreciable capital gain in BUACEMENT shares, we saw the industrial index rise by 4.33 percent to close at 2,319.40 points.
Notably, other sub-sector witnessed a bullish rally as the NGX Banking, NGX Insurance, NGX Consumer Goods, and the NGX Oil/Gas indexes advanced by 0.13 percent, 0.30 percent, 0.12 percent, and 0.03 percent, respectively.
Trading activity fell as total deals, volume, and value decreased by 28.04%, 31.95%, and 61.63%, respectively, to 2,440 trades, 100.82 million units, and N1.14 billion. In terms of volume. FBNH was the most active stock, with 34.19 million shares worth N46.19 million changing hands in 35 deals.
