The Nigerian Equities market continued its rally today, moving up by 680 basis points to record a 2.29% increase in value; it gained 0.91% on Friday. The All Share Index made more profit on the first day of the week than gains recorded throughout last week on the back of increasing investor confidence and increased demand. The Index closed above the 30,000 basis points psychological line at 30,369.97 basis points, while Market Capitalization currently stands at N10.43 trillion.
The total value of transactions, total volume of shares and the total number of deals all ended today in positive figures. The total value of transactions recorded today increased by 62.43%, a much result than the 23.52% loss recorded at the last trading session on Friday. The total volume of shares traded also increased by 26.59%, it depreciated by 34.27% at the last trading session. The number of deals recorded increased by 9.14%, a sharp contrast from the drop by 25.16% on Friday.
The top 5 five most actively traded shares on the exchange today were all Bank stock; ZENITHBANK, GUARANTY, FBNH, UBA and FCMB led the activity chart with a combined total of 154 million shares traded.
Market breadth closed positive as GUINNESS led 42 Gainers against 11 Losers led by CADBURY.
The market gained 0.60% last week.
Year-To-Date currently stands at -12.37%.
