The Nigerian Bourse for 6 consecutive trading sessions has been on the upward trend. On Thursday, the market closed in green as the All Share Index grew further by 0.40% to close at 30,583.21 points from the previous close of 30,460.68 points on Wednesday.
Market capitalisation grew by 0.40% to close at N11.405 trillion against the previous close of N11.359 trillion, gaining N46 billion.
Volume of traded stocks declined by 24.46% to close at 231 million units while value of traded stocks grew by 55.12% to close at N3.26 billion
Market Breadth
The market breadth for the day closed positive as 23 stocks gained against 15 that lost.
Percentage Gainers
Neimeth with 9.84% growth led other percentage gainers to close at N0.67 from the previous close of N0.61.
NEM grew 9.71% to close at N2.26 from the previous close of N2.06. Sovereign Trust Insurance, Royal Exchange and Jaiz Bank also grew 9.09%, 8.33% and 8.00% respectively among other stocks on the gainers’ list.
Percentage Losers
ETRANZACT tops the losers’ chart, shedding 9.87% of its share price to close at N3.56 from the previous close of N3.95
Resort Savings & Loan and Cornerstone Insurance also shed 9.68% and 9.09% respectively among others on the losers’ chart.
Volume Drivers
- Diamond Bank traded about 59.56 million units of its shares in 95 deals, valued at N208.98 million.
- Guaranty Trust Bank traded about 45.6 million units of its shares in 256 deals, valued at N1.48 billion
- Zenith Bank traded about 19.8 million units of its shares in 404 deals, valued at N427.57 million
Stocks to Watch
Investors should be on the lookout for the following stocks:
- VITA FOAM
- HONEYWELL FLOUR
- JULIUS BERGER