Thursday June 3 saw another trading session of positive close on the Nigerian Exchange (NGX) Limited as equity investors continued their mop-up of value counters as record dip in May offers them re-entry opportunity on Custom Street.
The NGX All Share Index (ASI) increased further by 0.18percent while the market capitalisation gained N34billion.
Thanks to consumer goods sector of the market which fuelled the cummulative gains (+0.23percent) even as more investors sold banking stocks as shown in the sector’s negative of 0.50 percent.
Read Also: Market gains N36bn as investors buy value stocks trading at new lows
All other NGX sectoral indices closed in the green zone… insurance index (+0.13 percent), oil and gas (+0.05 percent), and industrial (+0.03percent).
At the close of trading session on Thursday, the NGX ASI and market capitalisation increased from day-open lows of 38,482.52 points and N20.058trillion respectively to 38,551.06 points and N20.092trillion.
The market’s negative return year-to-date (YtD) printed lower at -4.27 percent at the close of trading session.
