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    BUAFOODS, DANGCEM, 26 Others Sustain Equities Market Rally to 5 Successive Days

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    Naija247news Editorial Teamhttps://www.naija247news.com/
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    On Monday, the Nigeria stock market sustained the previous week rally to five consecutive sessions in the year as the market performance indicators (NGX-ASI and Market Cap.) rose by 0.10 percent following the investors’ positive sentiment in BUAFOODS, DANGCEM, STANBIC and 25 other stocks.

    Accordingly, the market index (All-Share Index) rose by 42.71 basis points, representing a growth of 0.10 percent to close at 43,897.13.

    While the Market Capitalization gained ₦23.01Bn, representing a surge of 0.10 percent to close at ₦23.65 trillion.

    → Meanwhile, the market activities traded negatively as the Total Volume and Value traded plummeted by 21.23 percent and 30.30 percent, respectively.

    311.26 million units valued at ₦8.64 billion were transacted in 5,159 Deals. In the meantime, BUAFOODS led the traded stocks in terms of volume, accounting for 32.56 percent of the total volume of trades, followed closely by TRANSCORP (16.46%), ZENITHBANK (3.90%), GTCO (3.33%), and SOVERNINS (3.04%) to complete the top five on the volume chart.

    Also, BUAFOODS emerged as the most traded stock in value terms, with 68.61 percent of the total value of trades on the exchange.

    → On the profitability chart, BUAFOODS led on the gainers’ chart with price appreciation of 9.96 percent each, trailed by MRS (9.72%), UCAP (4.15%), DANGCEM (4.00%), VITAFOAM (3.70%), UBA (3.13%), LIVESTOCK (1.46%), HONYFLOUR (1.45%), FBNH (1.27%), UACN (1.05%), WAPCO (0.98%), STANBIC (0.81%) and sixteen (16) others.

    Conversely, nineteen (19) stocks declined in price, led by NNFM with price depreciation of 9.66 percent to close at ₦6.55 as UBN (-6.90%), MTNN (-5.84%), FLOURMILL (-3.10%), ARDOVA (-2.89%), NGXGROUP (-1.18%), NEIMETH (-1.06%), GTCO (-0.97%), BUACEMENT (-0.72%) and ZENITHBANK (-0.20%) also dipped in price. Consequently, the market breadth closed positively, recording 28 gainers and 19 losers.

    → Meanwhile, the sector performance was relatively negative, as three of the five major sectors plunged, led by Oil & Gas (-0.58%), Banking (-0.12%) and Consumer Goods (-0.05%), respectively.

    While Insurance (2.77%) and Industrial Goods (1.71%) rose compared to the last session.

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