Equity investors record N282bn gain, market adds 3%

The Market Capitalization and the All Share-Index (ASI) of the Nigerian Stock Exchange (NSE) which closed Wednesday trading at N9.479 trillion and 27,599.03 basis points respectively rose significantly on Thursday to close at ₦9.761 trillion and 28,419.92 basis points.

The twin market indicators increased by 2.97 per cent, while the Year-to-Date return of the market stood at -0.78 percent. This translates to a major capital appreciation of N282 billion by investors.

The All Share Index closed at against the previous close of 27,599.03 while Market Capitalization closed against previous close of ₦9.479 trillion.

Volume traded decreased by 12.71 per cent from 262.615 million to 229.225 million, while the total value of stock traded decreased by 56.63% from ₦4.881 billion to ₦2.117 billion in 3,243 deals.

The Financial Services sector led the activity chart with 205.101 million shares exchanged for ₦0.67 billion. Consumer Goods came next with 12.188 million shares traded for ₦1.252 billion, Conglomerates, Oil And Gas, Agriculture sectors followed in that order on the activity chart.

Diamondbnk, FCMB, Fidelitybk, UBA and Zenithbank were the most active stocks by volume. Dangcem, CAP, FCMB, AIICO and Wemabank emerged the highest price gainers on the chart, while Caverton, Chellaram, Trippleg, Maybaker and Cutix topped the losers chart.