The equities market recorded a bullish trend for the fourth consecutive session as investors continued on bargain-hunting activities.<\/p>\n\n\n\n
Specifically, the market capitalisation increased by 15 billion or 0.05 per cent to close at N28.644 trillion when compared with N28.629 recorded on Monday.<\/p>\n\n\n\n
Gains in Tier-1 banking stocks such as Zenith Bank, Guaranty Trust Holding Company (GTCO,) Access Holdings, Conoil, Dangote Sugar and Union Bank were the main drivers of the market\u2019s overall performance.<\/p>\n\n\n\n
Also, All-Share Index (ASI) rose by 26.26 points 0.05 per cent to settle at 52,605.78 as against 52,579.52 recorded at the last session.<\/p>\n\n\n\n
Consequently, the year-to-date (YTD) return rose to 2.64 per cent.<\/p>\n\n\n\n
Also, All-Share Index (ASI) rose by 26.26 points 0.05 per cent to settle at 52,605.78 as against 52,579.52 recorded at the last session.<\/p>\n\n\n\n
Experts at Vetiva Securities Ltd., said, \u201cSectors traded mixed today, as profit taking was seen mostly in the consumer goods space, while Tier-I banks dominate activity.<\/p>\n\n\n\n
\u201cWe expect the latter to persist tomorrow.\u201d<\/p>\n\n\n\n
Meanwhile, market breadth, which is measured by market sentiment was positive, as 19 stocks gained relative to 14 losers.<\/p>\n\n\n\n
Conoil recorded the highest price gain of 10 per cent to close at N48.40, per share.<\/p>\n\n\n\n
Multiverse Mining and Exploration followed with a gain 9.97 per cent to close at N3.75, while John Holt appreciated by 9.77 per cent to close at N1.91, per share.<\/p>\n\n\n\n
Computer Warehouse Group went up by 9.66 per cent to close at N1.59, while Transcorp appreciated by 9.5 per cent to close at N1.96, per share.<\/p>\n\n\n\n
Conversely, Unity Bank led the losers\u2019 chart by 9.26 per cent to close at 49k, per share.<\/p>\n\n\n\n
Japaul Gold and Ventures followed with a decline of 8.82 per cent to close at 31k, while cutix went down by 8.8 to close at N2.28, per share.<\/p>\n\n\n\n
Nigerian Breweries lost 5.88 per cent to close at N32.10, while NPFMicrofince Bank shed 5.71 per cent to close at N1.60, per share.<\/p>\n\n\n\n
Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 0.09 per cent.<\/p>\n\n\n\n
Also, 640.97 million shares valued at N7.13 billion were exchanged in 5,684 deals.<\/p>\n\n\n\n
Accesscorp led volume and value charts with 129.73 million units traded in deals worth N1.48 billion.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
The equities market recorded a bullish trend for the fourth consecutive session as investors continued on bargain-hunting activities. Specifically, the market capitalisation increased by 15 billion or 0.05 per cent to close at N28.644 trillion when compared with N28.629 recorded on Monday. Gains in Tier-1 banking stocks such as Zenith Bank, Guaranty Trust Holding Company […]<\/p>\n","protected":false},"author":2,"featured_media":19918,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949],"tags":[246],"class_list":["post-50204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","tag-stocks","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n