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All the sectorial indexes were up, except for NSE Banking that closed lower by 1.06%, while NSE Industrial Goods led the advancers after gaining 5.46%, followed by Insurance, Oil/Gas and Consumer goods that were higher by 5.16%, 0.76% and 0.34% respectively.
Market breadth was par, as advancers were equal to decliners in the ratio of 23:23; transactions in volume and value terms were mixed with volume declining by 0.17% to 426.33m shares, from previous day’s 427.06m units, while value rose by 31.72% to N4.36bn, when compared to previous day’s N3.31bn. Volume was driven by Mansard Insurance, Japaul Gold, Transcorp, Skyways Aviation and AIICO.
BOC Gases and Dangote Cement were the best performing stocks during the session, gaining 10% and 9.98% respectively, to close at N7.92and N230.40 per share, on market trend and news of share buyback. On the flip side, Eterna and Ardova lost 9.89% and 5.2% respectively, at N4.10 and N13.55 per share, on major shareholder divesting and profit taking
Although NGSE Trading Pattern Supports Uptrend, Correction Still Possible
Market Update for December 21
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Although NGSE Trading Pattern Supports Uptrend, Correction Still Possible
Market Update for December 21
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