Index rises by 0.32% as investors gain N30.8bn
Equity market started the week on a positive note, having recorded a growth of 0.32 per cent in the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to close at 27,925.00 basis points on Monday.
Investors gained N30.8 billion as market capitalization closed at N9.591 trillion in contrast to N9.561 trillion it closed on Friday.
Overall sentiment, however, remained negative as market breadth closed with 17 gainers to 23 losers.
Caverton Plc topped the day’s 17 equity advancers following a gain of 8.96 per cent or 6 kobo to close at 73 kobo per share; Union Bank of Nigeria Plc (UBN) followed with an appreciation of 5 percent or 24 kobo to close at N5.04 per share; WAPCO Plc likewise grew by 3.81 per cent or N1.80 to close at N49 per share; AG Leventis Plc came fourth with an increase of 3.33 per cent or 3 kobo to close at 93 kobo per share and Transnationwide Express Plc gained 2.94 per cent or 3 kobo to close at N1.05 per share.
On the other hand, Guinness Nigeria Plc topped the losers chart having lost 9.75 per cent or N8.62 to close at N79.83 per share; Diamond Bank Plc dropped 5.51 per cent or 7 kobo to close at N1.20 per share; Cement Company of Northern Nigeria Plc also depreciated by five per cent or 30 kobo to close at N5.70 per share.
Africa Prudential Registrars Plc came fourth on the losers list having shed 4.95 per cent or 14 kobo of its share price to close at N2.69 per share, while Vitafoam Plc depreciated 4.68 per cent or 13 kobo to close at N2.65 per share.
Market activity as measured by volume and value traded in 3,045 deals, settled at 171.5 million units and N1.7 billion respectively compared to 200.8 million units and N921.6 million traded previously.
Trading in the Top Three equities were Zenith Bank Plc with the sale of 27.8 million shares worth N402.2 million. Guaranty Trust Bank Plc came second following the sale of 27.8 million units of shares valued at N662.5 million and FCMB Plc sold 16.7 million units worth N19.5 million.
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