The Nigerian bourse ended today’s trading on a positive note, as the All Share Index appreciated by +0.66% to close at 22,780.30 index points. Investors gained N78.37 billion, with stock market capitalization rising by the same margin to N11.872 trillion.
However, market activities closed lower compared to the previous trading session, as total volume and value traded declined by -25.61% and -20.32% respectively, at 186.22 million shares valued at N1.852 billion, in 3,446 deals.
ZENITH BANK (+5.36%) was the most traded stock by volume at 30.95 million units, followed by First Bank with 30.72 million units of trades.
Market sentiment, as measured by market breadth, closed positive with 19 gainers, led by NEM (+10.00%), as against 4 losers, topped by SKYAVN (-8.16%).
With the exception of the Consumer Goods index, which closed -0.12% lower due to a -6.40% decline in GUINNESS, all other indices posted gains on the stock market.
Attractive bargains in ZENITH BANK (+5.36%), GUARANTY (+1.36%), and some tier-one stocks prompted a 2.76% appreciation of the Banking index to finish top.
The Insurance and Industrial indices trailed to gain +2.01% and +1.38% on price appreciation in NEM (+10.00%) and WAPCO (+9.66%), while the Oil & Gas index inched by +0.22%.
WAPCO up 9.66% to close at N11.35; ZENITH BANK up 5.36% to close at N13.75; BUACEMENT up 0.87% to close at N34.85; PZ up 6.25% to close at N4.25, and GUARANTY up 1.36% to close at N18.6.
SKYAVN down N1.96 8.16% to close at N1.8; UNIONDAC down 6.45% to close at N0.29; GUINNESS down 6.40% to close at N19; CAVERTON down 4.26% to close at N2.25; and INITSPLC flat 0.00% to close at N0.7.