Stock Market Records Marginal Gain

?Trading activities on the floor of the Nigerian Stock Exchange (NSE) yesterday gained marginally as major blue-chip companies showed signs of bullish trend, causing market capitalisation and the All-Share Index to close in the green zone.

The key benchmark indices maintained upward trend. Specifically, at the close of transactions yesterday, the NSE All-Share Index appreciated? by? 18.75 points? or? 0.05 per cent? to close at? 33,532.89 from 33,514.14 recorded on Friday while the market capitalisation? of equities went up? to N10.719 trillion from 10.713 trillion, representing a growth? of N6 billion or 0.05 per cent as market sentiments turned positive. ?

At the end of transactions 35 stocks appreciated in price during the day as against 18 that depreciated in value.
Cutix, Unity Bank and UBA? led the gainers’ table with a gain of 10 per cent each to close at N1.87, 77 kobo and N7.26? per share respectively? while Presco Plc followed with a gain of 9.98 per cent to close at N25.79 per share, among other price gainers. ?
On the other hand, Learn Africa led on the price losers’ table, dropping by 9.94 per cent to close at N1.54 per share while ABC Transport Plc followed with a loss of 9.86 per cent to close at 64 kobo per share, among other price losers.

Further analysis of the trading showed that the? Banking? subsector of the? Financial Services? sector remained the most active during the week (measured by turnover volume); with? 232.8? million shares worth N2.5 billion exchanged by investors in? 2,090? deals.

Volume in the Banking subsector was largely driven by activity in the shares of Access Bank Plc and Zenith Bank Plc.
The Insurance subsector, boosted by activity in the shares of Consolidated Hallmark Plc followed on the day’s activity chart with a subsector turnover of 56.6 million shares valued at N52 million traded in 175 deals. ?

On the whole, investors exchanged a total of 384.6 million shares valued at N5.3 billion in 5115 transactions.

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