Market maintains uptrend with N79bn gain
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).