Market sustains rally as investors gain N20bn

For the third day in the week, the Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization closed positive, increasing by 0.21 per cent, while the Year-to-Date return stood at -4.71 per cent as investors gained N20 billion in the final trading day of the week.

The All Share Index closed at 27,294.21 against the previous close of 27,236.78 while Market Capitalization closed at ₦9.375 trillion against previous close of ₦9.355 trillion.

Volume traded decreased by 4.59 per cent from 155.592 million to 148.448 million, while the total value of stock traded decreased by 38.64 per cent from ₦1.759 billion to ₦1.080 billion in 2,073 deals.

The Financial Services sector led the activity chart with 120.163 million shares exchanged for ₦0.46 billion. Conglomerates came next with 18.976 million shares traded for ₦0.04 billion, Industrial Goods, Consumer Goods, Oil And Gas sectors followed in that order on the activity chart.

Fidelitybk, Transcorp, Access, FCMB and Skyebank were the most active stocks by volume. Caverton, ETI, Unitybnk, Fidelitybk and Cadbury emerged the highest price gainers on the chart, while Fidson, Diamondbnk, Sterlnbank, Dangsugar and Livestock topped the losers chart.