The Nigerian Equities market bounced back today after a 2 day loss to record a 0.91% increase in value. There was active demand throughout today’s trading despite JP Morgan’s decision to de-list Nigerian government bonds from her index. The All Share Index closed at 29,689.08 basis points, while Market Capitalization currently stands at N10.20 trillion.
However, every other indices closed in the red. The total value of transactions recorded today dipped by 23.52%, a continuation of the drop in the value of transactions recorded, as the value of transactions depreciated by 27.82% yesterday. The total volume of shares traded also depreciated by a whopping 34.27% despite the fact that it dropped by 33.38% in yesterday’s trading session. The number of deals recorded dropped by 25.16% in contrast to the increased of 36.93% recorded yesterday.
The top 5 five most actively traded stock on the exchange today were UBA, FBNH, MTI, TRANSCORP and ZENITHBANK, with a combined total of 108 million shares traded.
Market breadth closed negative as GUINNESS led 28 Gainers against 18 Losers led by FO.
Year-To-Date currently stands at -14.33%.
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