Stock Market’s Appreciation Persists

The Nigerian Stock Exchange (NSE) in the 2nd week after the break continued to sustain the appreciation as equities remained bullish.

Specifically, market yesterday closed at 22,057.64 with a total volume of 406,237,865 units traded as against the 21,658.69 basis points of 307,437.865 volume for Monday.

Market capitalisation of listed equities also showed an improvement at N5.28 trillion. The value of the total number of shares traded yesterday was N2.1 billion lower at 6,743 deals.

The gainers chart was led by Nestle which traded a total volume of 113,987 units, valued at N30.1 million in 42 deals. Flourmill followed with 475,674 units, valued at N19.6 million in 66 deals, as Conoil, Julius Berger,  GlaxoSmithKline, UAC-Prop, Guaranty and Dangote Flour followed.

However, Ashakacem led the losers chart, trading only a total of 549.914 units valued at N7.3 million at 59 deals. INCAR traded 90,440 units for N276,746.40 at three deals.

Others are; Dangote Sugar, International Breweries, Access Bank Plc, Unity Kapital and Fidson.

For the top 10 by volume yesterday were Aso Savings, Cap Hotel, Fidelity bank among others.