The Nigerian equities market on Thursday 4th December 2018 advanced by 1.28 percent with the ASI closing at 38,676.12 point, as against 38,187.28 declining point recorded the previous trading day, while the market capitalization closed N13.763trillion above the previous day’s N13.589trillion.
The volume of shares traded when compared with the previous day’s record increased by 39.95% from 589.584million to 825.130million units, valued at N3.883billion, which is 83.24% above the N2.119billion recorded the previous trading day.
The above transactions were struck in 6,220 against 4,366 corresponding deals. This represents 42.46% daily progressive change.
Market Breadth
A visible consolidated bullish sentiment dominated the market as the numbers of gaining stocks continue to rise. Overall, there were 49 gainers, 6 losers and 41 stocks remained unchanged.
%Gainers (49)
Dangote flour tops the percentage gainers’ list, grew 10.21% from N12.75 to N14.04. Others include M&B which gained 10% to close at N2.75, Diamond bank, which closed at N1.89 at 9.88% growth rate, FCMB, TRANSCORP and host of others also made the list and of course DANGCEM and NB which helped the bourse stay upbeat.
%losers (6)
On the top of the percentage losers list are two insurance stocks, NEM and CUSTODIAN, losing 4.85% and 4.77%, to close at N1.57 and N3.79, respectively.
Others include; NEIMETH, MOBIL, PZ AND NESTLE.
Ten Best Stocks
The Banking sector again sustained attractions from the market operators, led the deal and volume chart, with Nestle toping the value chat.
Diamond Bank Plc and FCMB top the best stocks’ list for the day under review, recording highest deals and volumes and as well contending values.
Others on this list are TRANSCORP, FBNH, OANDO and host of others.
