The Nigerian Stock Exchange All Share Index firmed up further by 0.71% in today’s trading session to close at 21,073.26 points. Market capitalization also increased by the same margin to N10.982 trillion, as investors gained N77.17 billion.
Although volume of shares traded dropped sharply by 75.99% to 346.40 million units, value traded fell by 6.34% to N5.216 billion, as 4,660 deals exchanged hands.
Guaranty Trust Bank was the most traded stock by volume at 102.23 million units, followed by First Bank with 64.7 million units of trades.
Market breadth closed positive with 25 gainers led by ETI (+10.00%), as against 7 losers topped by SKYAVN (-10.00%).
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With the exception of the NSE Oil & Gas, which closed -0.55% lower due to (-9.64%) decline in ARDOVA, all other sectors posted gains.
Renewed buying interest in ETI (+10.00%), FIDELITYBK (+6.47%) and some tier-one stocks prompted a 2.07% appreciation of the Banking index to feature as the best performing index.
The Consumer Goods and Industrial indices trailed to gain +0.99% and +0.97% on price appreciation in DANGSUGAR (+9.55%) and WAPCO (+9.77%), while the Insurance index inched by +0.14%.
Top gainers
ETI up 10.00% to close at N4.40; WAPCO up 9.77% to close at N11.8; DANGSUGAR up 9.55% to close at N9.75; STANBIC up 2.30% to close at N24.50; and FLOURMILL up 2.38% to close at N21.5.
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Top losers
SKYAVN down 10.00% to close at N2.16; ARDOVA down 9.64% to close at N12.45; GLAXOSMITH down 9.38% to close at N4.35; AIICO down 5.88% to close at N0.8; and ACCESS down 1.52% to close at N6.5.
Hello Olumide, Good morning. How can I invest in either GT or FBN. Is it the same as investing in money market or are stocks different. Please I need to understand these things well. Thanks. Nsini