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Oil and Gas sector leads gainers even as market extend losses

By The Rainbow
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The Oil and Gas sector had the most numbers in the top gainers list, with MRS, CONOIL and OANDO gaining 10.23%, 10.22%, and 4.95% respectively on Thursday, a day the equities market declined for the 2nd consecutive day, losing 46bps to leave the YtD gain at 34.52%.

The equities market declined for the 2nd consecutive day, losing 46bps to leave the YtD gain at 34.52%.

TRANSCORP (10.00%), AGLEVENT (4.67%) were also on the green side.

On the loser’s side CUTIX, NEIMETH, LIVESTOCK and STERLNBANK shed the most losing 4.86%, 4.81%, 4.47% and 3.39% respectively.

Market breadth was positive at 1.2x as 30 stocks gained against 25 stocks which declined. Volume and value traded decreased by 4.46% and 12.07% in that order, as TRANCORP topped the chart in volume traded, while ZENITH in value traded.

The NSE30 and NSEFBT10 were the sectors to shed point, declining 0.49% and 1.39% respectively, while NSEOILG5 advanced by 2.93%, NSEINS10 by 1.63%, and the NSEBNK10 which gained 0.85%.