Right now, investors on the floor of the Nigerian stocks market are counting their gains as the market continue to scale fresh highs. Most equities that had long lied dormant are becoming active as the Nigerian All Share Index crossed 41,000 points mark to arrive at 41,816.11 points, which is an amazing 3.60% spike away from the previous 40,362.97 points it closed yesterday. The Market Capitalization jumped also by 3.60% from N14.363trillion to N14.880trillion at the close of a green dominated market session.
1.088billion units of shares were exchanged in 8,025 deals this Wednesday, as against the 770.886million units traded in 7,395 deals on Tuesday, which brings the value of trades to N13.297billion against the previous N7.893billion.
Market Breadth
Out of 105 stocks that were traded, 60 stocks gained, while only 3 stocks lost marginally, leaving 42 stocks unchanged.
Conoil Plc tops the percentage gainers list by adding N3.48, closing at N37.51, which is 10.23% above the previous N34.03 it closed yesterday.
Other stocks on the list are; Eterna Oil, which closed at N5.59, 10.17% away from the previous 5.41, CHAMPION breweries closed N2.52, 10.04% above the previous N2.29.
%Gainers (60)
On the losing side are GUINNESS, UAC-PROP and FIDELITYBK.
Guiness lost N1.80 to close at N100.2, UAC-PROP lost 30kobo to close at N3 and FIDELITY lost 2kobo to close at N2.92kobo.
%losers (3)
Ten Best Stocks
FBNH closed with the highest deals at 671. The holding company has since the beginning of the year remained among the choice equity with investors’ glance.
184,726,860 units shares of Transcorp exchanged hands in 465 deals, valued at N365.270million. This stock has also being a frontline toast of the investors since the beginning of the year, and it continue to attract more interest as it traded highest in terms of volume for today.
Zenith attract more cashflow with N2.025billion expended on the equity in 550 deals, trading 63.495 units as at the close of session.
