Equities market gains N16.5bn


Trading on the equities market segment resumed for the new week on a positive note to record a growth of 0.18 per cent as lead market indicator, the Nigerian Stock Exchange All Share Index (NSE ASI) close at 26,373.83 basis points from 26,325.93 basis points it opened today.

Market Capitalisation likewise rose to N9.074 trillion following an addition of N16.5 billion as at the end of the day’s trading activities.

Investors’ appetite also showed improvement as market breadth advanced with 17 gainers to 15 losers, while price movement chart indicated that ‎Diamond Bank led on the gainers table by 7.21 percent to close at N1.19, Nigerian Aviation Handling Company (NAHCO) followed with an

increase of 4.48 percent to close at N2.80, Eco Transnational

International (ETI) grew 4.32 percent to close at N10.14, Sterling

Bank appreciated 3.90 percent to close at 80 kobo, and Access Bank

gained 2.99 percent to close at N6.89. On the other hand, NCR led the

day’s declining stocks, with 4.92 percent to close at N8.11, Total

dropped 4.87 percent to close at N285.40, Cutix depreciated 4.52

percent to close at N1.48, A.G. Leventis closed at 88 kobo after

falling 4.35 percent  and Guinness recorded a 4.15 percent loss to

close at N69.99.


Volume of trade transacted by investors in 3,075 deals rose 17 percent

from 148.6 million units recorded last Friday to 174.0 million units,

while value traded decreased 68 percent to N1.2 billion from N3.8

billion recorded previously.

Diamond Bank topped the activity chart for the day, with the sale of

38.7 million units of shares worth N44.9 billion.

Fidelity Bank followed with 29.6 million shares worth N26.6 million,

while Stanbic emerged the third most traded stock for the day with

approximately 12 million shares amounting to N185.6 million. Access

Bank came fourth having traded 11.1 million units of shares valued at

N75.4 million while FCMB was fifth with 10.7 million shares worth

N13.6 million.