Nigerian market in All-sector’s rally session advances 1.53%, Wednesday

For the 3rd straight session, transactions on the floor of the Nigerian stock exchange closed firmer as performances in all sectors were upbeat, leaving the All Share index at 38,435.29 points on Wednesday, which is 1.53% above the previous close of 37,854.92 points yesterday.

Market capitalisation grew by 1.53%, closing at N13.922 trillion from the previous close of 13.712 trillion, gaining about N21 billion.

Volume and Value of traded stocks appreciated by 15.73% and 11.91% respectively closing at 393.12 million units valued at N6.67 billion in 5,285 deals.


Market Breadth

The market breadth closed positive as 41 stocks gained as against 16 that lost.

Percentage Gainers

Fidelity Bank led other percentage gainers closing 9.91% above the previous close of N2.12 to settle at N2.33.  This is followed by Oando and Diamond Bank which grew 9.70% and 9.46% respectively.

WAPCO grew 9.35%, Dangote Flour grew 9.09% and Transcorp grew 9.02% ahead other several stocks in the gainers chart.

Percentage Losers

Guinea Insurance and Mutual Benefit both led the losers’ chart losing 5% of their share price; while NPF Microfinance Bank and May & Baker both shed 4.73% and 4.15% respectively.

Volume Drivers

Zenith Bank is the most actively traded stocks for the day, trading about 110.6 million units of its shares in 467 deals, worth about N3.095 billion.

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