Investors in the equities market gain 0.02 per cent
By Philemon Adedeji
The stock market on the Nigerian Exchange Limited (NGX), which has been closing on negative for two days consecutively as the week opened closed yesterday on positive note amidst sell-offs and buy-interests as the benchmark All Shares Index appreciated by 7.38 absolute points.
The NGX ASI regained its loss yesterday when equities market of the third day of the week appreciated by 7.38 basis points or 0.02 per cent to close at 47,163.94 index points from 47,156.56 index points it closed the previous trading day.
After trading yesterday, investors appreciated by 2.53 billion in terms of value as market Capitalisation rose to 25.414 trillion, it closed for previous trading day to 25.418 trillion it closed the trading yesterday.
Since this year began stock market has advanced 4,445.56 base points.
Yesterday, the total trade volume decreased by 11.8 per cent from 303,480,647 million units it closed on Tuesday to 267,480,601 million units it closed for yesterday trading.
The market sentiments trend towards the bulls with the market differential being in favour of advancers as Capital united led 16 gainers, FCMB led 17 losers.
On the table chart, Capital United was recorded as the highest price gainer which appreciated by 10.00 per cent or 1.80 kobo increased to close at N19.80 per share, LEARNAFRICA was the the second best gainer which grew by 0.19 kobo or 9.60 per cent increased to close at N2.17 per share, Champion the third best gainer rose by 9.09 per cent or 0.17 kobo increased to close at N1.58 per share, Sterling Bank increased by 3.65 per cent or 0.06 kobo increased to close at N1.58 per share and CONOIL PLC gained by 0.70 kobo or 2.92 per cent increased to close at N24.70 per share.
On the losers table, First City Monument Bank recorded as the most loser after trading dipped by 0.32 kobo to represent 8.72 per cent to close at N3.35 per share, while Mutual Benefit Assurance followed as the next loser which declined by 7.41 per cent or 0.02 kobo to close at N0.25 per share, Abctrans dropped by 0.02 kobo representing 6.25 per cent to close at N0.30 per share, Pharmadeko followed with declination of 5.98 per cent or 0.11 kobo to close at N1.73 per share and the last fifth loser FTNCOCOA down by 0.02 kobo or 5.88 per cent to close at N0.32 per share.
From the chart table, as the week opened on Monday, Access bank which has been leading over took by Fidelity bank yesterday as the topped trader which transacted 68.817 million shares valued at N219.243 million. Followed by Access bank which traded 38.641 million shares worth 384.118 millions, United bank of Africa (UBA) traded 30.913 million shares valued at N236.083 million.
Guaranteed Trust Holding Company (GTCO) transacted 23.953 million shares valued at N621.972 million and lastly, Zenith bank traded 12.606 million shares worth N339.011 million.
