The Nigerian equities market’s gaining streak was extended to a second consecutive day on Tuesday as the All Share Index appreciated 0.7% to close at 26,918.22 points while N65.2 billion gain by investors brought total market capitalization to N9.3 trillion.
At the end of the trading, the Oil & Gas index gained the highest amongst sectoral indices (4.6 per cent) due to bargain hunting in MOBIL which added 8.4 per cent and Forte Oil which gained 7.4 per cent.
The Consumer Goods and Industrial Goods indices also closed positive adding 1.8 per cent and 1.2 per cent respectively.
On the flip side, the Banking and Insurance sector indices were the only sector losers, depreciating 1.7 per cent and 0.5 per cent on account of losses in Guaranty Trust Bank which dropped 5.0 per cent and Continental Reinsurance PLC which lost 4.6 per cent of their share value.
Market breadth closed positive with 19 gainers against 16 losers. Top three gainers were Etranzact Plc., with an increase of 9.6 per cent followed by Unity Bank Plc., which added 8.9 per cent, while Mobil Plc., gained 8.5 per cent.
On the other hand, Transcorp Plc led the day’s 16 losers with a decline of 8.3 per cent, trailed by Guaranty Plc., which depreciated by 5.00 per cent, while Africa Prudential Registrars Plc., dropped 4.85 per cent of its share value.
At the end of the day’s transactions, investors on the Nigeria Stock Exchange had in 2,683 deals traded a total of 397.3 million shares worth N2.6 billion compared to a total of 196 million shares worth N2.4 billion traded in 2,387 deals previously.
You can also view last week’s trading report on the floor of the Nigeria Stock Exchange below.
Weekly Market Report for the Week Ended 18-12-2015