Dear Valued Investor,
Trading commenced on a positive note with gains inspired by corporate actions and anticipations. Losses to Stanbic, WAPCO, and Seplat erased the early gains to close the All-Share Index with a marginal decline of 0.06%.
Today’s performance expanded the year-to-date loss of the market to -0.21%.
Market capitalization fell further to
N21.03 trillion, as the market lost -0.63% week-on-week.
The Banking index led with 1.95% while the Insurance index trailed with –1.83% on the indices chart.
Total volume traded reduced to 307.79 million units (-27.80%) with a total value of
N2.91 billion (-38.84%) to close the cotton on a quiet week.
FBNH (85.58m units) and UCAP (53.32m units) led the volume chart while FBNH (
N0.62 bn) and Zenith ( N0.43 bn) led in value terms.
Today, the market recorded 18 gainers and 20 losers (Thurs: 10 against 30).
AfriPrud, UCAP and Zenith appreciated while Seplat and Stanbic lost.
United Capital (+20.27) finished as the best performing stock while Consolidated Hallmark Insurance (-28.26%) finished worst for the week.