Equities market halt downtrend with 0.01% marginal growth
Afolabi Adesola
A two day down trend recorded previously on the equities market has been halted with a 0.01% growth recorded in the All Share Index (ASI) on Thursday.
The ASI rose from a loss of 0.08 per cent recorded on Wednesday to close at 36,645.65 points.
The market Capitalisation also improved mildly from N12.613 trillion on Wednesday to N12.614 trillion on Thursday.
This put the Year to date returns at 36.36 percent currently.
Cutix PLC recorded the highest appreciation of 7.73 per cent to close at N2.37 per share. International Breweries followed with a gain of 4.99 per cent to close at N46. 52, while Fidson Health care garnered 4.97 per cent to close at N3.59 per share.
Axamansard recorded the highest depreciation of 4.84 percent to close at N2.36 per share. It was followed by CI Leasing that dropped 4.74 per cent to close at N1.81 per share and Fidelity Bank fell 4.73 percent to close at N1.41 per share.
The volume of shares traded in 4159 deals closed at 140.9 million units in contrast to 198.6 million units traded previously. The shares were valued at N1.723 billion in contrast to N2.936 billion recorded on Wednesday.
