The bear appearance that interrupted a healthy trading string at the Nigerian Stock Market was short-lived as activities on the bourse bounced back on Tuesday, September 20, following the decision of the Central Bank of Nigeria, CBN’s Monetary Policy Committee to retain rates.
To this end, investors gained N127.1billion as the market capitalisation closed at N9.690 trillion compared to a loss of N6.4 billion recorded on Monday when the market capitalisation closed at N9.563 trillion.
Trading activities on the bourse indicated that investors’ sentiment remained positive as market breadth closed with 15 gainers to 14 losers.
Conoil Plc remained the toast of investors for the day leading 15 advancing stocks for the sixth consecutive trading session with a gain of 10.23 percent or N3.59 to close at N38.69 per share.
Oando Plc followed trailed behind with a leap of 4.91 percent or 25 kobo to close at N5.34 per share, NEM Plc added 4.88 percent or 4 kobo to close at 86 kobo per share, Nigerian Aviation Handling Company Plc (NAHCO) grew 4.50 percent or 15 kobo to close at N3.48 per share and Unity Bank Plc increased by 4.11 percent or 3 kobo to close at 76 kobo per share.
On the flip side, AIICO Insurance Plc led the day’s14 declining stocks with a loss of 4.84 percent or 3 kobo to close at 59 kobo per share, UACN Plc lost 3.58 percent or 78 kobo to close at N21 per share, Wema Bank Plc depreciated 3.13 percent or 2 kobo to close at 62 kobo per share, Skye Bank Plc recorded a depreciation of 1.52 percent or 1 kobo to close at 65 kobo per share and Unilever Plc dropped 1.11 percent or 51 kobo to close at N45.50 per share.
FCMB Plc led stock sales with the sale of 51.6 million shares worth N51.6 million. WAPIC Insurance Plc came second trading 24 million units of shares amounting to N12 million while Access Bank Plc exchanged 21.3 million shares worth N119 million.
