The local bourse continues on a tit-for-tat trend to end the week with close number of advancers and decliners, but gains by large-cap stocks added N43 billion in net capital gains to market capitalization.
Benchmark indices at the Nigerian Stock Exchange (NSE) indicated a gain of 0.24 per cent, equivalent to net capital gains of N43 billion. Consequently, year-to-date return advanced to 29.94 per cent.
The All Share Index (ASI), advanced from its opening index of 34,803.00 points to close at 34,885.51 points. The Aggregate market value of all quoted equities also increased from its opening value of N18.184 trillion to close the week at N18.227 trillion.
A total volume of 190.2 billion units of shares, valued at N3.33billion exchanged hands in 3,976 deals. TRANSCORP was the most traded shares by volume with 37.4 million units, while MTNN topped by value at N1.79billion.
With 18 gainers and 16 losers, most sectoral indices rode on the back of gains by mid and large-cap stocks to close positive. NAHCO (+9.09%) was the top gainer today, while PORTPAINT (+9.09%) led the laggards today.
The NSE Consumer Goods & Oil & Gas Indexes leaped by 0.14 and 0.06 per cent respectively. On the contrary, the NSE Insurance and Banking Indexes depreciated by 1.93 and 0.23 per cent while the Industrial Goods Index closed flat.
MorganCapital Research
