Stock market improves 0.48% on sustained investor appetite
Stock market activities closed the first trading day of the new week on a positive note, as lead market indicators added 0.48 per cent.
The day’s gain makes it the third session in a row that the market ended positively, to confirm improved investor appetite.
The All-Share Index added 155.43 basis points and closed at 32,614.60 points, while the market capitalization closed N11.241 trillion after adding N53.6 billion on Monday
The day’s performance advanced year-to-date gains to 21.22 per cent and reduced month-to-date loss to 1.51 per cent.
The market ended with 26 gainers against 15 losers. Flourmill led the day’s gainers by 9.75 per cent to close at N25 per share, CI Leasing followed with a gain of 5 per cent, to close at 63 kobo per share, Red Star Express added 5 per cent to close at N5.25 per share, UBA increased 4.94 per cent to close at N8.92 per share; and Access Bank appreciated 4.93 per cent to close at N9.58 per share.
On the other hand, Union Bank of Nigeria topped the day’s losers with a decline of 8.82 per cent to close at N5.58 per share, UPL came next with a decline of 5 per cent to close at N3.23 per share. Skye Bank followed, with a loss of 5 per cent also to close at 57 kobo, AG Leventis dipped 4.88 per cent to close at 78 kobo per share and Vitafoam fell 4.81 per cent to close at N2.57 per share.
Guaranty Trust Bank led the day’s activity chart with an exchange of 26.4 million shares worth N909 million, FCMB was next with the sale of 18.7 million shares valued at N23.2 million, while Zenith Bank traded 15.7 million shares worth N330.2 million. Diamond Bank exchanged 13.9 million shares valued at N17.2 million, and FBN Holdings emerged the fifth most traded stock with 11.5 million shares worth N71.3 million.
The volume of shares traded by investors decreased to 182.1 million shares when compared with 212.4 million shares traded last Friday, while the value of shares traded on Monday in 3,710 deals also declined to N2.03 billion against N2.5 billion worth of shares traded in 3,217 deals during previous session.
