The equity market in the month of April closed on a positive note as the All Share Index appreciated by 2.02% to close the month April at 39,834.42 points from 39,045.13 points as at the close of trade in March. The Market Capitalisation grew by 2.05% month to date as it closed the month of April at N20.847 trillion from N20.429 trillion, which translates to N419 billion monthly gain by investors.
Year to date, the market has returned -1.08% which is quite marginal. With the current positive vibration in the market triggered by Q1 2021 earnings release, there is every possibility for the market to fully recover in the month of May.
The Market Breadth in the month of April closed on a negative note as 43 equities appreciated in their share price as against 52 equities that declined in their share prices.
GAINERS
Royal Exchange Plc led other gainers in the month of April with 76.67% growth closing the month at 53 kobo from 30 kobo.
Japaul Gold grew by 46.34% to close April at 60 kobo from 41 kobo in March.
Linkage Assurance grew by 28.79% month on month, closing at 85 kobo from 66 kobo.
Consoloidated Hallmark Insurance gained 21.88% in the month of April to close at 39 kobo from 32 kobo.
Worthy of mention among top ten gainers include UACN (14.44%), Nigerian Breweries (12.99%), Fidson (11.16%), Okomu oil (11.11%) and Transcorp (11.11%).
LOSERS
Guinness in the month of April shed 20.06% leading other price decliners to close at N27.1 from N33.9. This followed by NCR Nigeria Plc as it shed 18.64% to close at N2.27 from N2.79.
Unity Bank dropped by 17.33% in April to close at 62 kobo from 75 kobo. Others among top ten losers in the month of April include Mutual Benefit Assurance (-15.22%), Custodian Investment (-12.12%), NEM Insurance (-11.74%), Cornerstone Insurance (-11.67%), Neimeth (-11.28%), Sunu Assurance (-10.61%) and MRS (9.92%).