Equities market inches up by 0.07%
The nation’s equities market closed the day on a positive note following a three trading session relapse as the Nigerian Stock Exchange All-Share Index (NSE ASI) gained 0.07 per cent to close at 27,522.62 basis points
Investors gained N2 billion as Market Capitalisation closed at N9.454 trillion against a decline of N69.8 billion recorded previously when market capitalization closed at N9.448 trillion while market year to date losses stands at -3.91 per cent.
Investors sentiment remained negative as market breadth settled at 10 gainers against 18 losers.
Topping the gainers chart for the day were Skye Bank Plc which grew by 4.62 per cent or 3 kobo to close at 68 kobo per share, May & Baker Plc added 4.60 per cent or 4 kobo to close at 91 kobo per share, Diamond Bank Plc appreciated 4.32 per cent or 5 kobo to close at N1.20 per share, Wapco increased by 3.02 per cent or N1.70 to close at N58 per share and Union Bank of Nigeria rose by 2.76 percent or 11 kobo to close at N4.10 per share.
On the flip side, 7up Plc led the day’s declining stocks with a decline of five per cent or N7.24 to close at N137.66 per share, Vitafoam Plc followed with a depreciation of five per cent or 15 kobo to close at N2.85 per share, Nigerian Aviation Handling Company Plc lost 4.86 percent or 17 kobo to close at N3.33 per share, Africa Prudential Registrars depreciated 4.64 per cent or N0.11 kobo to close at N2.26 per share and Afri Paints Plc declined 4.63 percent or 12 kobo to close 2.47 per share.
Market activity as measured by volume, traded 295.7 million units and value traded appreciated to N3.6 billion from previous day’s N1.9 billion.
The top three traded stocks were: Guaranty Trust Bank Plc with the sale of 69 million shares worth N1.9 billion, followed by Access Bank Plc that exchanged 30.8 million shares worth N166.3 million, and Fidelity Bank that traded 27 million stocks valued at N24.6 million.
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