Nigerian stocks index appreciates yet again as year-to-date gain climbs 17.37%
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January 17, 20181.6K views0 comments
The Nigerian equities market closed positive Wednesday as benchmark index expanded 1.89 percent to settle at 44,885.24 basis points as against +2.17 percent appreciation recorded previously.
Consequently, the bourse’s year-to-date gain climbed to 17.37 percent with market capitalisation standing at N15.61 trillion.
Investor sentiment on the day measured by market breadth closed positive as CCNN led 40 gainers against 20 losers topped by NASCON, which is an unimproved performance when compared with previous outlook.
Market turnover equally closed positive as volume moved up by +51.20 percent to close at 960 million shares as against -13.03 percent downtick recorded in the previous session. Also value traded rose by 63.96 percent to close at N12.52 billion from N7.63 billion recorded the previous day.
TRANSCORP, STERLNBANK and WEMABANK were the most active to boost market turnover while DANGCEM and GUARANTY topped market value list.
BETAGLAS leads the list of active stocks that recorded impressive volume spike at the end of the day’s session.
The industrial sector recovered from loss to positive territory owing to gains in DANGCEM, which recorded over N2.8 billion of trades during the day’s trading session.
Analysts see the current bull-run persisting in the week.