Equities market sustains uptrend with 0.50%
Nigeria’s equities market ended Wednesday’s trading session with a growth of 0.50 per cent recorded in lead market indices that settled at 36,905.06 points and N12.720trn respectively.
The day’s performance increased Month to Date to 2.93 per cent, while year to date returns advanced to 36.3 per cent, as the NSE Industrial and Consumer Goods indices recorded the highest gains of 1.93 per cent and 1.63 per cent, while the Oil and Gas emerged the day’s biggest loser with a depreciation of 2.43 per cent
The price movement table closed with 31 gainers against 18 losers.
CI Leasing, WAPCO and Guinness topped the day’s gainers with an increase of 10 per cent, 5 per cent and 4.99 per cent each to close at 88 kobo, N57.75 and N69.87 per share respectively.
On the flip side, Okomu Oil led the losers with a loss of 5 per cent to close at N72.23 per share. This was followed by Continental Re-Insurance which fell 4.93 per cent to close at N1.35 per share, while Mobil lost 4.88 per cent to close at N240.65 per share.
Investors moved a total of 251.0 mn shares in 4,047 deals valued at N3.78bn compared to 849.6 mn shares worth N94.0bn traded in 5,602 deals in previous session.
Transcorp emerged investors delight with the sale of 34.8 million shares worth N49.7m. Fidelity Bank trailed with the sale of 30million shares worth N39.0mn and FBN Holdings traded 28.8million shares valued at N173.3m.
Other stocks that topped activity chart were Zenith Bank , which sold 25.6million shares worth N641.5m, and Guaranty with the sale of 21million shares worth N815.3m.
