Transcorp’s massive trade dazzles investors, equities’ market bows 0.40% to sell pressure

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Trading activities for the first day of the week on the floor of the Nigerian stocks exchange ended rather mixed, judging by the ratio of gaining stocks to the losing ones, but the market eventually yielded  to the tight claws of the profit taking ahead of the bargain hunting.

NSEASI fell 0.40% to close at 44,912.53 points as against the 45,092.83 points and 0.54% appreciation recorded the previous session.

The market capitalization in like manner fell 0.40%, dipping by N65 billion to close at N16.089 trillion against N16.154 trillion it closed on Friday. Some major blue chips stocks were enlisted on the losers tilt, as the marginal gain recorded by Nigerian Breweries was no enough to keep the bourse in the green.

The aggregate volume traded within the day was 231.25% higher than the last Friday’s volume, as Transcorp’s massively traded volume of about 3.8billion units generates interests of inquiry among traders.

The total volume stood at 4.437billion units, worth about N15.927billion in just 8,572 deals.

Market Breadth
Market breadth closed relaxed as CAVERTON led 26 Gainers against 26 Losers led by TRANSCORP at the end of today’s session.

% Gainers    

%Losers

TRANSCORPDIAMONDBNK and FCMB were the most active in terms of market turnover. TRANSCORP also featured alongside GUARANTY to top the market value list.

FBNH is still very much on spot as it stands fairly among the market movers.

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