Transactions at the Nigerian Stock Exchange, NSE, on Tuesday, March 14, saw moderate recovery as market value appreciated.
Lead indices of the bourse recorded a marginal growth of 0.59 per cent. The All-Share Index and the market capitalization soared by 0.59 per cent, while volume of shares traded grew by 68.21 per cent driven by buying interest in Banking and Oil & Gas trackers.
This performance was largely influenced by gains in Guaranty Trust Bank Plc, Zenith Bank and Seplat, which offset depreciation in ETI and Access.
Investors’ sentiment measured by market breadth turned positive, with 20 stocks advancers paired against 13 declining stocks. AirService led the advancers while NASCON led the declining stocks.
Both Diamond Bank and FBNH were the most actively traded stocks with 57m and 32m units respectively. With the exception of the Industrial index, which declined by -1.8% largely due to -4.91% loss in WAPCO, other major sectoral indexes closed positive.
The Oil & Gas tracker was up by +2.41% while the Banking and Consumer trackers recorded +1.41% and +0.30% gains respectively.
At the end of the trading session, trade volume closed at N1bn as investors exchanged over 227m units of stocks valued at c.N928m.