Equities Market Extend Soaring Streak With N28.60billion Gain

Stock Market Investors Lose N383bn In October
 The gaining streak at the Nigerian Stock Market, was yet again extended for the fourth consecutive day on Thursday, September 15, as activities on the bourse wrapped up on a positive note.

Following the healthy bull run that dominated transactions, investors gained N28.60 billion with market capitalisation closing at N9.523 trillion. Year to Date (YtD) loss trimmed to 3.20 percent.

The day’s trading activities showed investor sentiment turned positive as market breadth closed with 28 gainers to 16 losers. Conoil topped the day’s 28 advancing stocks for the third consecutive trading sessions with a gain of 10.23 percent or N2.68 to close at N28.89 per share following the declaration of an impressive 2015 full year results.

Conversely, Neimeth Pharmaceuticals Plc led the day’s losers with a decline of 8.47 percent or 10 kobo to close at N1.08 per share, Skye and Wema Bank Plc followed with a depreciation of 4.55 percent or 3 kobo each to close at 63 kobo per share respectively.

The top three most traded stocks were First City Monument Bank (FCMB) Plc with the sale of 49.4 million shares worth N49.4 million, followed by Access Bank Plc that exchanged 23.5 million shares worth N130.7 million, and N.E.M Plc traded 17.1 million stocks valued at N13.7 million.

 

Market activity as measured by volume traded appreciated by 9.87 percent and Value traded depreciated by -10.72 percent to settle at 200.28 million units and N1.59 billion respectively.