From NSE Data, the market recorded a marginal gain of 0.38% to commence the fourth trading week for the month of June after three days stretch of losses recorded during last trading week, to close at 33,384.59.
Today’s gain was motivated by bargain hunters who took advantages of some stocks that were heavily discounted like ZENITHBANK, DIAMONDBNK, FBNH DANGCEM and NB amongst others
The increase took the week–to–date to a gain of 0.38% while the month–to–date and year-to-date markets returns to a reduced losses of -2.70% and -3.67% respectively.
ZENITHBANK, UNILEVER, DANGCEM and FIDSON were the most active stocks boosting market turnover in the bourse..
The market breadth was negative as 27 losers over 22 gainers were recorded.
Volume traded decreased by 28.79% to 278.11 million shares, valued at N3.83 billion and traded in 3,767 deals. The highest gainer recorded was DIAMONDBNK with a 5.46% gain in its price, while REDSTAREX on the other hand was the highest loser with -5.00% loss in its price.
Also, only one out of the key five sectoral indices was affected in today’s reversals.