Trading at the Nigerian Stock Exchange, NSE, on Friday, August 11, closed the week on a positive note as lead indices surged in value.
As such, the All Share Index appreciated by0.25% to close at 38,198.60pts. The index YTD return now stands at +42.14% .Similarly, market capitalisation climbed to N13.16trillion.
This performance reflected buying interest in WAPCO (+43.76pts), UBA (+39.08pts) and Stanbic which offset the losses in GT Bank (-39.42pts), Zenith Bank (-22.85pts) and Nestle.
Market breadth index however closed negative as 29 stocks led by Honeywell slumped compared to 19 stocks topped by WAPCO (+5.00%) which gained points.
Major sectoral indexes closed positive: Industrial (+2.01%), Oil & Gas (+0.57%), Banking (+0.20%) and Consumer (+0.03%).
At the end of trading, V=value turnover leaped by +13% to c.N6.3bn while volume of trades declined by -2% to 353m units of stocks. Guaranty Trust Bank led both the volume and vale charts with c.60m units of shares worth c.N2.46bn.
