The equities segment of the Nigerian Stock Exchange ended the month of November on a bright note as it reversed a five day negative run with an appreciation of 0.03 percent on Wednesday, with the All Share Index (ASI) adding 0.03 percent to close at 25,241.63 points from 0.34 percent lost in previous session when the ASI closed at 25, 233.42 points.
Performance across all sectors similarly ended the day’s trading on a positive note, with the Banking Index recording the highest appreciation of 2.17 percent on the back drop of gains in Guaranty Trust Bank, Stanbic IBTC and Wema Bank.
The NSE Oil & Gas index also grew by 1.35 percent as a result of increases in Mobil and Oando while the consumer goods, industrial and NSE 30 indices recorded appreciation of varying degrees.
As a result, market capitalization appreciated to N8.689 trillion from N8.686 trillion and year to date losses dropped to -11.87 percent.
For the third consecutive session, Mobil led the day’s 18 appreciating stocks with a 10.24 percent appreciation to close at N266.67 per share. Cadbury followed with a 10.15 percent growth to close at N11.07 per share, while Portland Paints recorded a gain of 9.42 percent to close at N1.51 per share.
On the flip side, Axamansard Insurance led the day’s 20 retreating stocks, with a 5 percent decline to close at N1.71 per share, UAC Prop lost 4.88 percent to close at N2.34 per share, while NASCON Allied Industries dropped 4.86 percent to close at N6.66 per share.
Wema Bank emerged the most traded stock for the day with 199.3 million shares valued at N102.9 million, Access Bank followed with 59.1 million units of shares worth N324.7 million while Stanbic came third with the sale of 25.9 million shares worth N388 million.
Guaranty Trust Bank traded 23.3 million shares worth N526.7 million and Zenith Bank sold approximately 18.6 million shares at N254.4 million.
Overall, investors traded a total of 414.2 million shares worth N3.418 billion in 2,567 deals.
