Stock Market Sustains Upwsing, Soars to N8.691trillion

Stock Market Dips Further In Face Of More Deals

Equities trading on the Nigerian Stock Market, kicked off the new month on Thursday, December 1, sustained the bullish break witnessed on the bourse on the last trading day of the month of November.

Market capitalisation surged to N8.691 trillion from N8.689 trillion, while the All Share Index scooped 23.45 points to close at 25,265.08 points.

Mobil Nigeria continued its leading streak, topping the day’s advancers, gaining 10.25 percent, to close at N294 per share. Meanwhile, Nigerian Aviation Handling Company of Nigeria led the day’s reclining stocks, with a 4.92 percent decline to close at N2.32 per share.

Again, Wema Bank emerged the most traded stock trading 542.5 million shares valued at N292.9 million, Diamond Bank followed with 81.5 million units of shares worth N73.4 million while Access Bank came third with the sale of 36.5 million shares worth N198.3 million.

Guaranty Trust Bank traded 23.7 million shares worth N541.2 million and FCMB sold approximately 17.7 million shares at N17.6 million.

At the end of market session, investors traded a total of 773.9 million shares worth N1.9 billion in 2,334 deals, 86 percent higher than 414.2 million shares traded in previous session worth N3.418 billion in 2,567 deals.

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