Overall equities market performance measures, NSE ASI and market capitalisation, yesterday rose by 12.28 per cent amid sustained bullish activities.
The sustained rally saw the market’s year-to-date (YTD) returns stand at -0.44 per cent as against -1.70 per cent recorded the previous day as the market extended gaining streak for seven days following renewed investors’ confidence.
Consequently, the All-Share Index rose by 337.88 basis points or 1.28 per cent to close at 26,756.21 index points as against 26,418.33 recorded the previous day while market capitalisation of equities appreciated by N117 billion or 1.28 per cent to close higher at N9.249 trillion from N9.132 trillion.
Meanwhile, a turnover of 539.2 million shares in 4,519 deals were recorded in the day’s trading.
Other financial institutions sub-sector of the financial services sector were the most active (measured by turnover volume) with 252.3 million shares exchanged by investors in 461 deals. Volume in the sub-sector was largely driven by activities in the shares of FCMB Plc and United Capital Plc. Also, banking sub-sector, boosted by the activities in the shares of UBA Plc and Diamond Bank Plc, followed with a turnover of 152.7 million shares in 1514 deals.
The number of gainers at the close of trading session was 34, while decliners closed at eight. Further analysis of the day’s trading showed that Oando Plc topped the gainers’ table with 10.14 per cent to close at N8.69 per share, while Fidson Healthcare Plc followed with 9.52 per cent to close at N1.84 per share. Transcorp Plc gained 7.14 per cent to close at N1.05 per share.
On the flip side, Linkage Assurance Plc led the losers’ chart with a drop of 3.70 per cent to close at 52 kobo per share. Dangote Sugar Plc followed with a loss of 3.58 per cent to close at N6.46 per share, while Total Nigeria Plc dropped by 2.35 per cent to close at N249.00 per share.