Stock Market Spikes by N22.5billion on Healthy Rally

Stock Market Dips Further In Face Of More Deals

 

The Nigerian Equities Market, on Thursday, December 8, continued movements North as market value surged by 0.25 percent.

Market capitalisation appreciated by N22.5 billion to N8.856 trillion from N8.833 trillion as the NSE All share Index settled at 25,739.18 point.

Despite the positive run, market breadth closed negative with 19 gainers to 20 losers with Forte Oil retained leading the advancers with a 10.24 percent appreciation, to close at N96.37 per share.

Meanwhile Total led the losers table with a loss of 9.08 percent to close at N276.05, after rising to N304.44 per share in Tuesday’s session.

Diamond Bank emerged the most traded stock with 80.3 million shares valued at N64.3 million, International Breweries followed with 16.5 million units of shares worth N297.2 million while Transcorp came third with the sale of 11.4 million shares worth N9.9 million.

Overall investors exchanged a total of 165.9 million units of shares valued at N1.3 billion in 2,485 deals at the end of the day’s trading session.