FBN Holdings Leads Gainers’ Chart as Stock Market Sustains Positive Run

FBN Holdings Plc led the gainers’ chart for the second consecutive day this week as the Nigerian Exchange Limited (NGX) returned 0.47% on Thursday.

Activity at the Exchange declined on Thursday when compared to Wednesday. Investors traded 223,245,093 shares worth N2.859 billion in 4,028 transactions during the trading hours of Thursday, in contrast to 229,366,382 shares valued at N3.197 billion that exchanged hands in 4.536 transactions on Wednesday.

Mutual Benefits Assurance Plc led the most traded equities with 40,130,980 shares estimated at N10,031,621.64. This was followed by Oando with 28,523,660 worth N168,937,041.

Analysing each of the sectors, the banking index returned to profit after shedding 5.94 basis points (bps) on Wednesday. The index appreciated by 15 basis points on Union Bank of Nigeria (+6.19%), Fidelity Bank (+3.04%), and Ecobank (+2.11%). Jaiz Bank (-2.02%), Zenith Bank (-1.59%), and Sterling Bank (-1.30%) lost points.

Similarly, the oil and gas index gained 53bps on the back of 3.51% and 1.85% in the value of Oando and Ardova, respectively.

The consumer goods index, however, lost 34bps as the values of Honey Flour dipped by 5.96%, Unilever shed 2.03%, and NB lost 1.57%.  In the sector, Dangote Sugar managed to close above the water with 0.94% and Intbrew appreciated marginally as well, posting  0.88% gained points.

The NGX Industrial Index closed the day flat.

The market value of all listed equities grew by N131 billion from N27.697 trillion it settled on Wednesday to N27.828 trillion on Thursday. While the NGX All-Share Index inched higher by another 0.47% to 51,618.73 index points following a gain of 0.56% recorded on Wednesday.

A total of 22 stocks closed in the red, against 18 stocks appreciated in value. The Exchange year-to-date return improved to 20.84%. FBN Holdings led gainers again on Thursday after posting a 9.52% profit on Wednesday. See other details below.

Top Gainers

Top Losers 

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