After a long intense losing streak, transactions on the floor of the Nigerian Stock Exchange, NSE on Wednesday, November 23, made a recovery with lead indices swinging northward.
The All Share Index scooped 55.66 points to settle at 25,517.00 points as against the 0.17 points lost previously to close at 25,262.28 points, bringing year-to-Date losses down to -10.91%.
Market breadth turned positive following price appreciation in 19 stocks against losses recorded in 11 stocks.
Sterling Bank led the day’s advancers with a 5.71 percent appreciation to close at 74 kobo per share. Oando followed with a 5 percent growth to close at N4.20 per share, while Flourmills recorded a gain of 4.99 percent to close at N18.74 per share.
Conversely, Forte Oil led the day’s decliners for the second consecutive day, recording a depreciation of 6.19 percent to close at N70 per share, this was followed by Julius Berger that dropped 5 percent to close at N36.10 per share and Africa Prudential that lost 4.32 percent to close at N2.66 per share.
Diamond Bank emerged the most traded stock for the day with 34.4 million shares valued at N32.7 million, Access bank followed with 32.7 million units of shares worth N181.9 million while FBN Holdings came third with the sale of 21.9 million shares worth N66.1 million.
Transcorp sold 12.7 million shares at N8.7 million while Skye Bank emerged the fifth most active stock with 12.2 million shares valued at N6.3 million.
At the end of the day, volume traded surged by 37 percent to settle at 165.7 million units, valued at N1.126 billion and exchanged in 2,484 deals.
