Mar­ket main­tains up­trend with N79bn gain

Daily Trust - - BUSINESS - From Sun­day Michael Ogwu, La­gos

The eq­uity mar­ket of the Nige­rian stock ex­change yes­ter­day main­tained a pos­i­tive trend with the mar­ket cap­i­tal­iza­tion gain­ing N79 bil­lion to peck at N12,799 tril­lion.

The NSE All Share In­dex (ASI) ap­pre­ci­ated by +0.62 per cent to close at 37,135.23 ba­sis points as against +0.50 per cent ap­pre­ci­a­tion recorded pre­vi­ously. Its Year-to-Date (YTD) re­turns cur­rently stands at +38.18 per cent

Mar­ket breadth closed pos­i­tive as DANGSUGAR led 25 Gain­ers as against 17 Losers topped by CUTIX at the end of to­day’s ses­sion- an unim­proved per­for­mance when com­pared with pre­vi­ous out­look.

Mar­ket turnover closes pos­i­tive as vol­ume moved up by +64.18 per cent as against -70.46 per cent downtick recorded in the pre­vi­ous ses­sion. Ac­cess, Guar­anty and Transcorp were the most ac­tive to boost mar­ket turnover. Guar­anty and Ac­cess topped mar­ket value list.

Live­stock leads the list of ac­tive stocks that recorded im­pres­sive vol­ume spike, with 139 mil­lion shares, val­ued at N139 mil­lion, ex­chang­ing hands at the end of yes­ter­day’s ses­sion.

The sum­mary of the day’s trad­ing saw 412 (251m pre­vi­ous day) mil­lion shares, val­ued at N4.7 bil­lion (N3.7 bil­lion pre­vi­ous day), ex­change hands in 4,207 deals(4,047 pre­vi­ous day).

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