The Nigerian stock market trading ended positively yesterday, as the All-Share Index, ASI, rose by 0.47% to close at 97,520.54 points. This uptrend was further strengthened by a remarkable 20% elevation in market activity leading to a trading volume of 320 million shares.
Leading the gainers’ chart was SEPLAT Energy Plc which climbed N 4964.70 up by 10.00% with ABCTRANS following in the second position up by 9.12%. On the other hand, the biggest loser among all remains ETERNA with a screeching 10% decline.
Market Summary:
- – Current ASI: 97,520.54 points.
- – Previous ASI: 97,064.42 points.
- – Day Change: +0.47 %( in points).
- – Year-to-Date Performance: +30.42 Percent(%).
- – Volume Traded: 320 millions of shares.
- – Deals: 8,763 counts.
Top Performers:
- – SEPLAT: +10.00 Percent (N 4,964.70).
- – ABCTRANS: +9.82 Percent (N 1.23).
- – Livestock: +9.70 Percent (N 3.28).
- – CAVERTON: +9.62 Percent (N 2.62).
- – FTN COCOA: +9.29 Percent (N 2.00).
Top Losers:
- – ETERNA: -10.00% (to N 27.00).
- – PZ: 9.49% (to N 17.65).
- – REGALINS: 8.89% (to N 0.82).
- – MANSARD: 7.08% (to N 5.51).
- – DANGSUGAR: 5.85% (to N 30.60).
Trading Activity:
Also, during the session, there was an increase in trading activity in the market with UBA on top of the pack with 36.73 million shares traded.
Outlook:
Banking, oil and gas, and insurance sectors are expected to be an additional drive to activities and analysts believe that the ASI is likely to go above 99,000 points in the coming weeks.
