The Nigerian bourse extended its upward momentum, as the All Share Index closed at 22,727.87 from 22,616.28 index points. Market capitalization similarly increased by 0.49% to close at N11.844 trillion.
Activity levels closed strong compared to the previous trading session, with total volume and value increasing significantly by 146.60% and 106.56% to close at 266 million units and N2.75billion respectively.
UBA (+0.85%) was the most traded stock by volume at 48.83 million units, followed by FBNH (+2.30%) with 39.12 million units of trades. Market sentiment, as measured by market breadth, was positive with 18 gainers against 10 losers.
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On the sectoral front, three out of the five indices under our coverage posted gains. Price appreciation in GUARANTY (+5.00%), ZENITHBANK (+4.58%), and FBNH (+2.30%) spurred the lenders up by 2.83%, followed by the Insurance and Consumer Goods indices appreciating by 0.52% and 0.32% respectively, on gains recorded in CORNERST (+9.26%), DANGSUGAR (+3.75%), and NESTLE (+0.87%).
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Conversely, price decline in WAPCO (-2.18%) and OANDO (-1.67%) closed the Industrial and Oil & Gas sectors by -0.22% and -0.17% respectively.
Top gainers
FCMB up 6.25% to close at N1.7; GUARANTY up 5.00% to close at N21; ZENITHBANK up 4.58% to close at N14.85; DANGSUGAR up 3.75% to close at N12.45; and NESTLE up 1.12% to close at N920.2.
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Top losers
AFRIPRUD down 5.95% to close at N3.48; CAVERTON down N2.47 4.86% to close at N2.35; INTBREW down 4.17% to close at N4.6; UNILEVER down 4.55% to close at N10.5; and WAPCO down 2.18% to close at N11.2.
