Specifically, the market capitalisation, which opened at
56.259 trillion, closed at 57.158 trillion, representing 1.59 per cent
increase.
Also, the All-Share Index also went up by 1,643.79 points or
1.59 per cent to settle at 104,421.23 compared with 102,802.25 posted on
Thursday.
As a result, the Year-To-Date (YTD) return increased to
39.65 per cent.
Sustained investors’ buy interest in the stocks of Tier-one
banks and MTN Nigeria improved the performance of the market.
The market breadth closed positive with 57 advanced stocks
as against 12 declined others.
On the gainers’ table, Sterling Nigeria, Neimeth
International Pharmacy (NEIMETH) and Transcorp led in percentage terms of 10
each to close at N6.60, N2.09, N40.70 and N15.40 per share respectively.
Meyer Plc and PZ Cussons also gained 9.97 per cent each to
close at N4.30 and N36.40 per share respectively.
Conversely, Johnholt led the losers’ table by 10 per cent to
close at N2.43, followed by Morison Industries by 9.76 per cent to close at
N3.05 per share.
NEM Insurance lost 9.15 per cent to close at N7.45, while
Deap Capital Management and Trust(DeapCap) shed 8.22 per cent to close at 67k
per share.
LASACO Assurance declined by 5.20 per cent to close at N2.55 per share.
Analysis of the market activities indicated that trade
turnover settled higher when compared to the previous session, which stood at
45.96 per cent.
The News Agency of Nigeria(NAN) reports that 944 million
shares valued at N23.48 billion were exchanged in 11,512 deals as against 861
million shares valued at N12.16 billion exchanged in 12,851 deals on Thursday.
Similarly, First Bank Nigeria Holdings (FBNH) led the volume
chart with 338.84 million shares traded at N8.88 billion.
Guaranty Trust Company(GTCO) followed by 80.61 million
shares worth N3.34 billion.
Transcorp sold 54.98 million shares at N834.84 million,
while United Bank of Africa (UBA) traded 49.56 million shares worth N1.42
billion.
Access Corporation sold 38.82 shares valued N1.05 million.
Reacting, Mr David Adonri, Vice Chairman, Highcap Securities
Ltd., said that the market performance indices, especially the All-Share index,
at over 100,000 was quite unimaginable.
Adonri, in an interview with NAN in Lagos, stated that
investors in the stock market had made a lot of profit, hence the recent
sell-offs witnessed in the market.
He said: “Any investor who has not taken his or her profit
would have no one to blame.
“Many of the investors left now in the market are
institutional investors who are investing for a very longtime and are not
bothered about the short term volatility of the market.
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