The Nigerian Equities Market, on Tuesday, November 1, started off the new month with an upward swing overturning the bear hold that rocked the market on the last trading day of the previous month.
To this end, overall investors worth improved as market capitalisation scooped N11.1 billion to close at N9.361 trillion from N9.350 trillion recorded in the previous trading session.
The impressive performance on the bourse was buoyed by improved investors sentiments as market breadth closed with 17 gainers to 16 losers. Eterna Oil led the advancers for the day and UAC-Property Plc topped the losers chart. Okomuoil trailed behind with a gain of 9.18 percent to close at N47 per share, while Red Star Express Plc advanced 5 percent to close at N4.20 per share.
Unity Bank and Learn Africa Plc gained 4.76 and 4.29 percent each to close at 66 and 73 kobo respectively. Other gainers include Dangote Flour, FBN Holdings, FCMB, Guinness, Skye Bank, and PZ.
Conversely Union Bank Nigeria Plc followed UAC behind on the losers chart, dropping 4.87 percent to close the day at N4.30, Oando Plc dropped 4.86 percent to close at N4.70 per share, International Breweries Plc lost 4.62 to close at N19 per share and Sterling Bank depreciated 4.44 percent to close at 86 kobo per share.
Transactions in the shares of Dunlop topped the activity chart with 27.9 million shares valued at N13.9 million. Sterling Bank Plc followed, having traded 25.9 million shares worth N23.3 million, while Transcorp Plc traded 16.1 million shares valued at N14.1 million.
The total volume traded on Tuesday, however toppled by 15 percent to 187.6 million shares valued at N1.3 billion in 3,065 deals as against 219.9 million shares valued at N1.9 billion traded in 3,955 deals on Monday, October 31.
