At the close of the market today, the Equity Market ended trading session with an aggregate of 27,777.83 to capture a significant gain of 3.79% (compared to 26,763.24 and 0.40% loss recorded yesterday).
Diagnosis: Today’s All Share Index’s gain of 3.79% was as a result of strong bullish activities arising from significant improvement in the purchase of blue-chip stocks in the Consumer Goods and Industrial sector as well as stocks in the Oil & Gas & Financial Services sectors.
Furthermore, equity investors executed a small number of profitable long positions in Non-financial, Conglomerates, HealthCare and Agricultural stocks.
The market breadth (No of Gainers/No of Losers) showed significant improvement compared to yesterday (3.67x vs 0.79x) as bullish activities dominated bearish activities: 33 Gainers were recorded against 9 Losers on the trading chart.
The top 5 Gainers were NESTLE (+34.02), DANGCEM (+13.05), NB (+9.00), MOBIL (+5.00) and OKOMUOIL (+1.08). The top 5 Losers were TRANSCOHOT (-0.30), ETI (-0.20), NAHCO (-0.18), ETRANZACT (-0.16) and ZENITH (-0.15).
5 most actively traded stocks were FBNH, GUARANTY, ZENITH, DANGCEM and OANDO.
In terms of VOLUME, AFRINSURE, FBNH, STERLING, MTI and GUARANTY topped the list of equities on the trading chart.
CHAMPION, NB, FLOURMILL, NESTLE, VITAFOAM and PZ led the Consumer Goods index to a gain of 4.18%.
CCNN, DANGCEM and PORTPAINT led the Industrial index to a gain of 4.16%.
OANDO, ETERNA and MOBIL led the Oil & Gas index to a gain of 0.69%.
CONTINSURE led the Insurance index to a gain of 0.40%.
DIAMOND, ETI, GUARANTY and ZENITH led the Banking index to a loss of 0.09%.