Stock Market Scoops N116billion on Resilient Bull Trend

The Nigerian Equities Market, on Wednesday, December 14, rested in the green zone for the fourth consecutive trading session.
The market capitalisation of the bourse scooped N116 billion to N9.086 trillion from N8.970 trillion as  performance across sectors stayed positive.
All indices recorded growth except the consumer goods index that dropped on the back of a 2.5 percent loss in Unilever.

Market breadth also closed positive with 32 gainers paired  against 11 losers with Forte Oil leading the day’s 32 gainers with 10.24 percent to close at N129.10 per share, while Fidson Healthcare Pharmaceuticals led 11 losers with a decline of 4.51 percent to close at N1.29 per share.

UBA led the list of most active stocks to boost market turnover, as it exchanged 54.7 million units of shares valued at N235.9 million, while Diamond Bank followed with 22 million shares worth N19.3 million and Zenith Bank with 21.2 million stocks worth N306.7 million.

At the end of market session, value traded soared  to N4.3 billion from N2.4 billion recorded previously, while volume dropped to 205.4 million units of shares in contrast to 376.7 million units exchanged in previous session.