Transactions at the Nigerian Stock Exchange, NSE, on Thursday, July 27, continued movements upward for the 16th consecutive day.
Following the intense bull momentum, the All Share Index trended up by +1.37% taking the index YTD return to +38.59%, with trade worth N8.01billion.
The performance was largely driven by buying interest in bellweather Consumer and Banking names such as NB (+181.68pts), GUARANTY (+121.68pts) and NESTLE (+105.01pts) which offset the drop in ACCESS (-21.06pts), WAPCO (-14.73pts) and OANDO (-14.02pts).
Activity Chart showed market breadth closiing positive with 38 gained compared to 17 stocks that declined. CONOIL (+10.12%) topped the gainers’ chart while CADBURY (-7.98%) led the recliners’ list.
Activity level also strengthened significantly with volume and value traded up by +62% and +73% respectively to c.542m units valued at N8.01bn.
UBA topped the volume chart with 119m units of stocks while ZENITHBANK led the value chart with trades worth N1.61bn.
Performance of sectoral indexes was mixed as gains in Consumer (+3.84%) and Banking (+1.75%) were countered by declines in Oil & gas (-0.06%) and Industrial (-0.49%).
