Oil and Gas sector leads gainers even as market extend losses
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%.