Okomu Oil, MTNN, WAPCO Steer Stock Market On High
Investors’ interest in MTNN (+1.4%), WAPCO (+6.1%) and some Tier 1 bank stocks, caused the domestic bourse to open the week’s trading on a positive note pushing up the All-Share Index by 0.3 per cent to 23,941.75 points.
Accordingly, Month-to-Date gain increased to 4.0 per cent, as Year-to-Date losses moderated to -10.8 per cent.
The NSE All Share Index (ASI) advanced by 0.29 per cent to close at 23,941.75. Equities market Capitalization also advanced by same margin of 0.29 per cent to close at N12.47 trillion.
The total number of deals, value and volume also recorded growth compared to the data that opened the week’s transaction. Total deals rose by 28.04 per cent to 5,544. Traded volume increased by 49.47 per cent to 331.00 million shares, while total value of transacted stocks advanced by 19.65 per cent to N2.92 billion
OKOMUOIL led the gainers Monday with N5.50 or 9.99 per cent growth to close at N60.55 per share, followed by MTNN with N1.50 to N1.37 per cent, to close at N111.00 per share, while UNILEVER , the third best gainer rose by N1.00 or 7.87 per cent to close at N13.70 per share.
WAPCO closed as the fourth best gainer with N0.65 or 6.07 per cent closing at N11.35 per cent, while GLAXOSMITH closed the top five gainers chart at N6.80 per share, having appreciated by N0.45 or 7.09 per cent.
ACCESS led the top active stocks chart with 83,560,692 million shares worth N522,795,173.40 million and transacted in 229 deals, followed by ZENITHBANK with 54,927,183 million shares , valued N842,866,776.75 million in 503deals, while STERLNBANK placed third 33,647,175 million shares worth N43,412,450.96million transacted in 898 deals.
FBNH, the fourth most traded stock scored 20,532,645 million shares, worth N101, 055,234.70 million shares recorded in 259 deals, while WAPCO closed the top five most active stocks chart with 16,166,739 million shares valued N182, 806,508.80 million and transacted in 238 deals.
Analysing by sectors, the Consumer Goods index dipped by 1.4 per cent, the NSE Insurance index by 1.1 per cent, and Oil and Gas index by -0.1 per cent, all declined, while the Industrial Goods index by 1.8 per cent and Banking index by 0.3 per cent, recorded gains. Market sentiment, as measured by market breadth, was positive by 1.8x, as 24 tickers gained, relative to 13 losers.
GUINNESS closed the first trading session of the week as the highest loser by N0.50 or 2.86 per cent, closing the day at N17.00 per share, followed by MAYBAKER with N0.12 or 3.85 per cent, closing trade at N3.00 per share, while ETI placed third on the, losers chart with N0.10 or N2.00 per cent, closing trade at N4.90 per share.
FIDELITY, fourth on losers chart dipped by N0.06 or 3.33 per cent, ending the day at N1.74 per cent, while FBNH closed the top five losers group at N4.90 per share, driven by N0.05 or 1.01 per cent decline in share price.
Two stocks tagged Below Listing Standard (BLS) made the least active stocks list on Monday, led by EKOCORP [BLS] was the least traded stock Monday with 151 shares worth N906.00 transacted in one deal, followed by AIRTELAFRI with 161 shares worth N52, 920.70 in six deals, while BETAGLAS, third least active scored 313 shares valued N19, 719.00 in two deals
TRANSCOHOT [BLS] fourth most transacted recorded 489 shares turnover worth N2,151.60 recorded in one deal, while BERGER closed the least active stocks chart with 500 shares, valued N3,725.00, posted in two deals.
Trading in financially justified stocks sustained tempo as the new week opened, more investors sought increased earning opportunities in more rewarding stocks, a trend that characterised activities on the floor of the Exchange last week. This led to rise in volume, value and deals.
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