Trading activities on the Nigerian Stock Exchange, NSE. on Thursday, October 12, sees relief as investors embarked on bargain hunting in insurance and consumer goods stocks.
As such, the All-Share Index soared by 0.22 percent or 79.42 points to close at 36,732.24 points. Similarly. the Market Capitalisation leaped by 27.34 billion to close the day at N12.643 trillion.
The NSE Insurance Index led the day’s sectoral gainers with an increase of 2.6 percent and the consumer goods index added 0.61 percent, on the other hand, the NSE Banking Index emerged the day’s lone loser with a decline of 0.32 percent.
Market breadth closed positive with 30 gainers paired against 13 losers. AXAMansard led the advancers’ chart with a surge of 6.49 percent to close at N2.46 per share.
Diamond Bank and Linkage Assurance came next with a growth of 5 percent each to close at N1.05 and 84 kobo per share, Livestock Feeds added 4.76 percent to close the day at 88 kobo and Transcorp appreciated 4.32 percent to close at N1.45 per share
Conversely, UPL recorded the day’s highest depreciation of 4.90 percent to close at N2.33 and Fidson Health Care declined 4.57 percent to close at N3.34 per share. Neimeth dropped4.23 percent to close at 68 kobo per share, Union Bank fell 4.17 percent to close at N5.75 per share and Jaiz Bank dropped 1.47 per cent to close at 67 kobo per share
Again, Diamond Bank, that emerged the most active stock to boost turnover as it exchanged 308.8 million shares for N304.4 million. UBA was next with the sale of 25.8 million shares valued at N237.1 million and Zenith Bank sold 22.9 million units at N579.3 million.
Transcorp came fourth with 14.1 million units exchanged for N20.4 million while 9.6 million units of Fidelity Bank’s shares were exchanged for N9.6 million.
In all, investors in 2,993 deals exchanged a total of 443.7 million shares valued at N3.2 billion as against a total of 336.4 million shares worth N1.834 billion traded in 3,689 deals previously.
