At the close of the market today, the Equity Market ended trading session with an aggregate of 26,918.22 to capture a gain of 0.71% (compared to 26,728.64 and 0.72% gain recorded yesterday).
Diagnosis: Today’s All Share Index’s gain of 0.71% is premised on positive market sentiments, as equity investors executed a number of profitable long positions in the Oil & Gas, Industrial, Consumer Goods and Banking stocks. DANGCEM, NB, WAPCO and MOBIL lent considerable support to the gain in the ASI.
Furthermore, equity investors bagged some gains in Non-financial Services, Agriculture and Conglomerates stocks.
The market breadth (No of Gainers/No of Losers) declined marginally compared to yesterday (1.05x vs 1.06x) as bargain hunting activities dominated pessimistic activities: 20 Gainers were recorded against 19 Losers on the trading chart.
The top 5 Gainers were FO (+18.90), MOBIL (+10.20), NB (+5.80), WAPCO (+1.75) and DANGCEM (+0.95). The top 5 Losers were GUARANTY (-1.00), PZ (-0.67), PORTPAINT (-0.16), ZENITH (-0.13) and AFRIPUD (-0.12).
5 most actively traded stocks were ZENITH, GUARANTY, FBNH, UBA and NB
In terms of VOLUME, WEMA, FIDELITY, GUARANTY, FBNH and UBA topped the list of equities on the trading chart.
OANDO, FORTE and MOBIL led the Oil & Gas index to a gain of 4.56%.
NB and HONEYWELL led the Consumer Goods index to a gain of 1.81%.
CCNN, WAPCO and DANGCEM led the Industrial index to a gain of 1.19%.
DIAMOND, STERLING, GUARANTY, WEMA and ZENITH led the Banking index to a loss of 1.69%.
CONTINSURE led the Insurance index to a loss of 0.51%.