Investors in equities on NSE gain N16.5bn

Trading on the equities market segment resumed for the new week on a positive note to record a growth of 0.18 per cent as lead market indicator, the Nigerian Stock Exchange All Share Index (NSE ASI) close at 26,373.83 basis points from 26,325.93 basis points it opened on Monday.

Market Capitalisation likewise rose to N9.074 trillion following an addition of N16.5 billion as at the end of the day’s trading activities.

Investors’ appetite also showed improvement as market breadth advanced with 17 gainers to 15 losers, while price movement chart indicated that ‎Diamond Bank led on the gainers table by 7.21 percent to close at N1.19, Nigerian Aviation Handling Company (NAHCO) followed with an increase of 4.48 per cent to close at N2.80, Eco Transnational International (ETI) grew by 4.32 per cent to close at N10.14, Sterling

Bank appreciated 3.90 per cent to close at 80 kobo, and Access Bank gained 2.99 per cent to close at N6.89.

On the other hand, NCR led the day’s declining stocks, with 4.92 per cent to close at N8.11, Total dropped 4.87 percent to close at N285.40, Cutix depreciated 4.52 per cent to close at N1.48, A.G. Leventis closed at 88 kobo after falling 4.35 per cent  and Guinness recorded a 4.15 per cent loss to close at N69.99.

Volume of trade transacted by investors in 3,075 deals rose by 17 per cent from 148.6 million units recorded last Friday to 174.0 million units, while value traded decreased 68 percent to N1.2 billion from N3.8 billion recorded previously.

Diamond Bank topped the activity chart for the day, with the sale of 38.7 million units of shares worth N44.9 billion. Fidelity Bank followed with 29.6 million shares worth N26.6 million while Stanbic emerged the third most traded stock for the day with approximately 12 million shares amounting to N185.6 million. Access Bank came fourth having traded 11.1 million units of shares valued at N75.4 million while FCMB was fifth with 10.7 million shares worth N13.6 million.