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Nigerian equity market records marginal gain

Felix Oloyede

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Deputy British High Commissioner Engages Capital Market Stakeholders

The Nigerian Stock Exchange reversed the previous day’s loss, recording a marginal gain of 0.02%, lifted by investors’ interest in MTNN, Nestle and Stanic IBTC.

The All-Share Index (ASI) added 7.12 absolute points, representing 0.02%, to close at 38,774.03 points, while the Market Capitalization gained N3.87 billion to close at ₦20.283 trillion and the Year-to-Date return moderated to -3.72%.

The volume of stocks traded increased by 58.71% from 224.594 million to 356.461 million, while the total value of stock traded increased by 95.63% from ₦2.143 billion to ₦4.193 billion in 6,130 deals.

The Financial Services sector led the activity chart with 245.175 million shares exchanged for ₦2.656 billion. Conglomerates came next with 45.189 million shares traded for ₦0.152 billion, Oil And Gas, ICT, Consumer Goods sectors followed in that order on the activity chart.

Zenith Bank, Access, Transcorp, Guaranty and Mutual Benefit were the most active stocks by volume, while Jaiz Bank, Initsplc, Royalex, Japaulgold and Chiplc emerged as the highest price gainers on the chart, while Sterlnbank, Pharmdeko, Prestige, Ardova and Livestock topped the losers’ chart.

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