By OLUSHOLA BELLO
The Nigerian stock marketreversed the negative trend with a marginal growth of 0.08 per cent as 17 stocks appreciated.
In summary, lead indicator, NSE-ASI gained 21.87 absolute points, representing a growth of 0.08 per cent to close at 27,120.39 points. Similarly, the market capitalization gained N8 billion to close at N9.315 trillion.
The upturn was impacted by price appreciation recorded in some large capitalized stocks which include, Unilever, Beta Glass, Nigerian Breweries, ETranzact and Dangote Sugar.
ETranzact;recorded the highest price gain of 10.11 per cent, to close at N5.12 per share. Learn Africa gained 4.92 per cent to close at 64 kobo and Unilever gained 4.60 per cent to close at N48.01 per share.
Dangote;Sugar went up by 4.50 per cent to close at N6.50, while African Prudential appreciated by 4.42 per cent; to close at N2.60 per share.
On the other hand, Julius Berger and UACN led the losers’ chart by five per cent each, to close at N28 and N18.43 per share, respectively. Also, Capital hotel declined by 4.89 per cent to close at N2.50 per share.
Livestock depreciated by 4.88 per cent to close at 78 kobo and ikeja Hotel declined by 4.86 per cent each to close at N1.76 per share.
The total volume traded also appreciated by 41 per cent to 159.99 million shares, valued at N1.74 billion, and traded in 2,396 deals.
Transactions in the shares of FBN Holdings topped the activity chart with 53.81 million shares valued at N161.45 million. Unilever followed with 14.29 million shares worth N685.72 million, while Transcorp traded 11.55 million shares valued at N11.58 million.
UBA traded 11.29 million shares worth N47.43 million, while Access Bank sold 11.19 million shared valued N63.22 million