The stock market yesterday sustained growth achieved in the previous session as the All-Share Index (ASI) and market capitalization appreciated 0.19 percent.
The lead market indicator chalked up 49.5 points to close at 26,289.95, strengthening the growth of 22.91 points recorded on Wednesday when the ASI closed at 26,240.45.
Market capitalization gained N17 billion to close at N9.046 trillion, in comparison with N7.9 billion added in the previous session to close at N9.028 trillion.
Forte Oil capped the day’s 24 advancers with 10.25 percent to close at N71.88. Nascon followed with a growth of 4.97 percent to close at N8.23. Cadbury came third on the gainers list, having appreciated 4.89 percent to close at N9.44 while Oando and Neimeth Pharmaceuticals grew 4.88 and 4.48 percent each to close at N4.94 and 70 kobo respectively.
Topping the 19 losers for the day was MRS which declined 9.74 percent to close at N39.03. Guinness dropped 5 percent to close at N66.55, Conoil depreciated 4.98 percent to close at N35.49, Mobil fell 4.94 percent to close at N265.22 and UACN dropped 4.20 percent to close at N16.41.
Most actively traded stock for the day was AIICO Insurance that traded 30.1 million shares worth N18.1 million. Access Bank was next with 14.6 million units valued at N101.6 million and FBN Holdings was third with 10.8 million shares valued at N33.4 million.
Diamond Bank was the fourth-most traded stock with 9.7 million units valued at N10.1 million while FCMB emerged fifth on the day’s top traded list with 8.2 million units of shares at N10.9 million.
By the end of the day’s trading activities, investors had traded a total of 136.8 million shares, representing a decline of 28 percent from 190 million units traded in the previous session while value traded slumped 54.2 percent to N1.1 billion from N2.4 billion recorded previously.
The day’s transactions were carried out in 2,895 deals, slightly down from 2,896 deals brokered on Wednesday.
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