Trading at the Nigerian Stock Exchange, NSE, on Wednesday, December 7 reversed the previous session’s downward trend as the all-share index (ASI) recorded marginal gain of 0.01 percent to close at 25,673.80 points.
Meanwhile, market breadth remained negative, with 16 gainers and 20 losers recorded, with forte Oil topping the gainers chart,while Oando Plc topped the losers table with a loss of 9.43 percent.
However, following the break from bear run, Month-to-Date gain leaped by 1.59 percent, while paring the Year-to-Date loss to 10.70 percent.
Majority of the sectoral indices improved, except for the Consumer Goods and Industrial Goods indices which shed 0.35 percent and 0.00 percent respectively owing to the losses in the shares of Nigerian Breweries Plc and Flour Mills of Nigeria Plc by 1.03 percent and 3.63 percent.
The Banking and Insurance indices move up by 0.02 percent and 0.51 percent each and buoyed by gains in the shares of Guaranty Trust Bank Plc, FBN Holdings Plc by 0.22 percent and 3.01 percent respectively; while NEM Insurance Plc and Continental Reinsurance Plc gained 4.17 percent and 3.09 percent apiece.
Also, the Oil & Gas index scooped 0.59 percent with Forte Oil Plc gaining 10.24 percent leading the day’s advancers.
At the close of the session at the bourse, total volume traded leaped by 35.03 percent to 255.00 million shares valued at 2.08 billion, and traded in 2,480 deals.
