Trading activities on the floor of the Nigerian Stock Exchange, NSE, July 12, on Wednesday, sustained the bullish trend that controlled the bourse since the beginning of the new week.
As such, the All Share Index appreciated by 0.47per cent to 32,981.63 points. Likewise, the Market Capitalization rose from its opening value of N11.314 trillion to close at N11.367 trillion, representing a gain of N53 billion.
Month-to-Date losses have consequently moderated to 0.4 per cent while the Year-to-Date return improved to 22.62 per cent.
Aggregate market value of all quoted equities at the NSEAll sectoral indices also closed in the green, with the Banking Index, posting the largest gain of 1.34 per cent.
Market breadth remained positive with 29 gainers and 15 losers, asTotal volume traded increased by 24 percent to 270.9 million shares valued at N2.77 billion and exchanged in 3,940 deals.
7UP recorded the highest gain of 8.82 per cent to close at N89.23, Neimeth trailed with a gain of 7.14 percent to close at 75kobo. CAP and Linkage Assurance added 5 percent each and closed at N35.70 and 63 kobo per share each while ETI increased 4.96 percent to close at N13.76.
On the other hand, UPL recorded the highest loss of 9.60 percent to close at N2.92. Champion Breweries followed with a drop of 7.55 per cent to close at N2.57. UCAP lost 7.29 per cent to close at N3.05 per share, Conoil declined by 5 per cent to close at N31.55 while CAP Hotel depreciated 4.89 per cent to close at N3.31.
UBA was the most active stock with 48.3million shares valued at N434.3 million. Access Bank followed with 34.5 million shares worth N339.5 million while FBNHoldings came in third place with 31.9 million shares at 197.5 million. UCAP exchanged 30.4 million shares at N91.9 million while Zenith Bank traded 26.4 million shares worth N581.7 million.
At the end of trading session for the day, investors accumulating N234.1 billion from stocks trading.
