Bulls push Nigerian bourse index up 0.13%, investors gain N15.20 billion

Deprecated: mb_convert_encoding(): Handling HTML entities via mbstring is deprecated; use htmlspecialchars, htmlentities, or mb_encode_numericentity/mb_decode_numericentity instead in /var/www/nairametrics/wp-content/themes/nairametrics/functions.php on line 104

The Nigerian bourse closed the day positive as the All Share Index appreciated by 0.13 % to close at 21,757.47. Investors gained N15.20 billion as market capitalization closed by the same margin to N11.338 trillion, bringing YTD performance to -19.68%.

Market upturn was paired with weak trading activity, as total volumes and values traded on the local bourse dipped by -26.26% and -15.73% respectively, to a total of 172.16 million shares valued at N1.887 billion, in 3,542 deals.

ZENITHBANK shares were the most active in today’s trading to boost market turnover and value list. Market breadth closed positive with 24 gainers against 7 losers.

Sector performance was mixed with two advancers and three decliners.

[READ MORE: Nigerian bourse drops by – 0.05%, Investors lose N6.09billion)

The Banking Index led the gainers with a significant increase of 5.99% on the back of buy interest in bellwethers UBN (+10.00%), ACCESS (+9.82%) and UBA (+7.29%), followed by the Insurance index, appreciating by +1.89%, on price appreciation in NEM(+9.55%) and WAPIC (+8.33%).

Conversely, the Consumer Goods index led the laggards by -4.61% on sell-offs in NESTLE (-10.00%) while the Oil & Gas and industrial indices trailed distantly at  -0.21 and -0.16% as OANDO & WAPCO sagged by -2.27% and-2.11% respectively.

Top gainers

UBN up 10% to closeN6.60, ACCESS up 9.82% to closeN6.15, CABURY up 9.73% to close N6.20 UBA up 7.29% to close N5.15, GUARANTY up 5.26% to close N18.

Top losers  

NESTLE down-10.00% to close at N765, GLAXOSMITH down-7.89% to close at N3.5, JBERGER down 7.17% to close at N22, STANBIC down 6.90% to close at N24.30, NB down 0.74% to close at N26.80.