To end the week, the local bourse extended its positive rally appreciating further by N112 billion, amid increased buying interest. Specifically, the market capitalization inched higher by 0.52 per cent to close at N21.530 trillion from N21.418 trillion on Thursday.
In the same vein, the All-Share Index garnered 0.52 per cent to close at 41,176.14 compared with 40,963.14 on Thursday. The uptrend was driven by price appreciation in large capitalized stocks amongst which are; UACN, Flourmill, MTN Nigeria Communications, NB and PRESCO.
Consequently, the market breadth remained positive with 42 gainers in relative to 12 losers. UACN (+10.00%) led the gainer’s chart today, while DAARCOMM (-10.00%) was the top loser.
Also, the total volume of shares transacted improved with an exchange of 666.60 million shares worth N6.39 billion in 6,980 deals. JAPAULGOLD was the most traded shares by volume with 115.8million units, while GUARANTY and ACCESS topped by value at N1.27b and N461m respectively.
Sector Performances
NSE Insurance Index: Up 4.14%, on price appreciation in WAPIC (+10.00%), MBENEFIT (+7.69%), and MANSARD (+5.96%).
NSE Consumer Goods Index: Advanced by 1.41% due to the gains in UACN (+10.00%), CHAMPION (+9.76%), FLOURMILL (+9.33%) and NB (+3.36%).
NSE Banking Index: Improved by 0.54% on positive sentiment in FIDELITYBK (+2.59%), UBA (+2.21%), ACCESS (+2.11%), and UBN (+1.79%).
NSE Industrial Index: Inched by 0.08% as a result of price appreciation in WAPCO (+1.28%).
NSE Oil & Gas Index: Down by 0.54% as ARDOVA dipped by (-9.84%).
