Bulls stage comeback as ASI up 0.19%, investors gain N21.86 billion

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The Nigerian bourse closed on Tuesday positive as the All Share Index (ASI) inched by +0.19 % to close at 21,741.16 points. Investors gained N21.86 billion as market capitalization closed by the same margin to N11.329 trillion, bringing YTD performance to -19.76%.

Activity level was mixed as volume traded dipped by -13.01.%, while value traded increased by 4.23% to a total of 330.10 million shares valued at N3.568 billion, in 4,561 deals.

Guaranty Trust Bank was the most traded stock by volume at 78.89 million units, followed by Zenith Bank with 77.91 million units of trades. Market breadth index mirrored the Nigerian All share index as STANBIC (+9.43%) led 19 gainers, as against 10 losers topped by CAVERTON (-10.00%).

With the exception of the Banking and Consumer Goods Indices, which dipped -0.33% and -0.24% respectively, all other index closed positive. The Oil & Gas index led the gainers by +0.25% on OANDO (+6.97%), trailed by the Insurance index, climbing by +0.12%, on buying interest in WAPIC (+4.76) and WAPIC (+4.42%). Conversely, price depreciation ETI (-8.99%), UBN (-7.69%), and CADBURY (-8.85%) closed the Banking & Consumer Good indices in Red.

[READ MORE: Nigeria’s bourse in a free-fall, Investors lose N259.23 billion)

Top gainers  

STANBIC up 9.43% to close at N26.10, SKYAVN, up 8.66% to close at N2.51, CUSTODIAN up 4.42% to close at N5.90, CAP up 2.38% to close at N21.50 ZENITHBANK up 2.34% to close at N10.95.

Top losers  

CONOIL down 9.93% to close at N3.15, NASCON down 9.57% to close at N8.50, ETI 8.99% to close at N4.05, CADBURY down 8.85% to close at N5.15, UBN down 7.69% to close at N6.00