NGX closes higher as oil and banking stocks lift market
By Aboki Forex —
The Nigerian Exchange Limited closed on a positive note on Thursday as the All-Share Index gained 33.48 points to settle at 247,707.13 points, up from 247,673.65 points on Wednesday.
Market capitalisation of listed equities rose to N160.83tn from N160.81tn in the previous session. Total equity volume crossed hundreds of millions across major sectors, anchored by strong performances in key counters.
Sector indices
The NGX Oil and Gas Index led the sectoral advances, rising to 6,194.16 points from 6,034.68 points on strong buying in energy and exploration equities.
The NGX Lotus Islamic Index advanced to 23,164.84 points. The NGX Growth Index scaled higher to 26,970.58 points. The NGX Main-Board Index climbed to 10,820.66 points, while the NGX Banking Index ticked up to 2,556.46 points.
On the downside, the NGX Premium Index retreated to 30,909.21 points. The NGX Consumer Goods Index closed relatively flat at 4,033.67 points.
Banking stocks
United Bank for Africa Plc closed at N43.15, up 0.35 per cent, on heavy volume of over 36.3 million shares. Zenith Bank Plc traded over 12.3 million shares at N127.70.
Access Holdings Plc closed at N28.30. First Holdco Plc appreciated 0.84 per cent to close at N138.00.
Energy and industrial counters
Dangote Cement Plc held at N1,066.70. Seplat Energy Plc traded at N16,000.10 in the oil and gas exploration category.
Aradel Holdings Plc gained 7.14 per cent to close at N1,499.90, pointing to sustained investor appetite for integrated energy services.
The session showed gains across banking and energy counters, with the oil and gas index posting the clearest sectoral rise.
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