The equities market closed trading on Tuesday, February 9, on a positive note as market capitalization leaped marginally by N2 billion.
Market breadth closed negative as 7-Up Bottling Company Plc led 22 gainers against 17 losers, topped by UAC of Nigeria Plc at the end of trading, which was an improved performance when compared with previous outlook.
Market turnover closed positive as volume moved up by 19.56 per cent against 8.70 per cent uptick recorded in the previous session. UBA Plc, Sterling Bank Plc and Zenith Bank were the most active to boost market turnover. Zenith Bank Plc and Guaranty Trust Bank Plc topped market value list.
Sterling Bank led the list of active stocks that recorded impressive volume spike at the end of the trading.
Banking stocks were the toast of investors as FCMB Plc traded 43.647 million share worth N39.281 million, followed by Diamond Bank Plc with 28.650 million share valued at N48.428 million, Guaranty Trust Bank Plc with 14.166 million at N231.081 million, UBA Plc traded 13.432 million valued at N37.582 million and FBN Holdings traded 12.383 million worth N48.363 million.
Top on the gainers’ chart was 7-Up Bottling Company Plc with a gain of N7.28 kobo to close at N183.98 kobo, followed by Mobil Oil Plc with N6.99 kobo to close at N152.00 kobo. Meanwhile, UAC of Nigeria Plc topped the losers chart with N1.03 kobo to close at N19.86 kobo. Ecobank. Transnational Corporation of Nigeria Plc was next with N0.70 kobo to close at N15.00 kobo per share.
