The first trading day for the year 2020 on the floor of the Nigerian Stock Exchange closed on a positive note as the All Share Index grew by 0.10%, closing at 26,867.79 points from the previous close of 26,842.07 points.
Market Capitalisation grew by 0.10% to close at N12.971 trillion away from the previous close of N12.958 trillion. This implies that investors gained N13 billion at the close of trade.
Aggregate volume of traded stocks declined by 74.93% to close at 264 million units against the previous close of 1.05 billion units on Tuesday. Value of traded stocks at the close also declined by 4.82% closing at N5.23 billion against the previous close of N5.5 billion.
Total number of deals at the close of trade was 3,178 deals, up by 29.98% from the previous close of 2,445 deals.
- Insurance sector closed in green with 0.97% growth.
- Oil & Gas sector declined by 5.01%.
- Banking sector closed lower by 0.39%.
- Consumer goods sector closed lower by 0.10%
- Industrial sector declined by 2.26%
Market Breadth
The market Breadth closed positive as 22 stocks gained while 13 stocks declined in their share prices.
Percentage Gainers
Royal Exchange Assurance led the gainers chart with 10% growth to close at N0.33 from the previous close of N0.30.
Cornerstone Insurance, Courtville and Transcorp among other gainers also grew their share prices by 8.89%, 8.70% and 8.08% respectively.
Percentage Losers
Seplat, Glaxosmith, Wapco and Fidson Healthcare among other price decliners shed their share prices by 9.99%, 9.84%, 9.80% and 9.68% respectively.
Volume Drivers
- First Bank of Nigeria Holdings traded about 60.27 million units of its shares in 279 deal, valued at about N384 million.
- Access Bank traded about 33.54 million units of its shares in 153 deals, valued at about N335.58 million.
- Zenith Bank traded about 30.91 million units of its shares in 503 deals, valued at about N578 million.