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BUSINESS & ECONOMYCapital MarketCOVERNEWSLETTER

Stock Market Adds N87.2billion on Positive Market Breadth

Stock Market Dips Further In Face Of More Deals

The Nigerian Stock Market on Tuesday,December 13, maintained the upward trajectory as trading resumes after theEid-el Maulud holiday break.

Market capitalisation settled at N8.970 trillion from N8.883 trillion with investors gaining a total of N87.2 billion at the close of trading.

The day’s performance was also preceded by improvement recorded across all sectoral indices, except for the Insurance and Consumer goods Index that recorded a decline of 0.72 and 0.02 percent respectively.

Performance of the  insurance goods index was affected by loses recorded in Axamansard and Wapic Insurance while the Consumer goods index recorded a depreciation on account of a 0.05 percent decrease in the share price of flourmills.

Investors’ appetite showed significant improvement as market breadth settled with 23 gainers to 14 losers. Seplat Petroleum Development Company led the gainers table adding 10.25 percent to close at N374.85 per share, while Avon Crown Caps and Containers led the day’s losers with a loss of 5 percent to close at N1.14 per share.

Top three traded stocks were Wema Bank with 100.9 million units worth N52.5 million, followed by Diamond bank with 84.0 million units worth N70.2 and FCMB with 83.2 million units of shares valued at N87.5 million.

At the end of the day’s trading session, investors had in 2,885 deals exchanged N376.7 million shares worth N2.4 billion.

 

 

 

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