At the close of the market today, the Equity Market edged up with a gain of 3.11% at an aggregate of 28,642.25 (compared to 27,777.83 and 3.79% gain recorded yesterday).
Diagnosis: Today’s All Share Index’s gain of 3.11% was as a result of strong bullish activities arising from sustained positive market sentiments as equity investors executed a large number of profitable long and short positions in Blue-Chip and High-cap stocks in the Consumer Goods, Industrial, Oil & Gas, Banking and Insurance as well stocks in the Non-financial services, HealthCare, Conglomerates and Agriculture sectors.
The market breadth (No of Gainers/No of Losers) significantly improved compared to yesterday (5.50x vs 3.67x) as bargain hunting sentiments sustained dominance over bearish sentiments: 33 Gainers were recorded against 6 Losers on the trading chart.
The top 5 Gainers were NESTLE (+35.00), FO (+15.00), NB (+12.00), DANGCEM (+5.05) and MOBIL (+5.00). The top 5 Losers were JBERGER (-1.00), CADBURY (-0.90), CUTIX (-0.05), SKYEBANK (-0.04) and FIDSON (-0.03).
5 most actively traded stocks were FBNH, NB, GUARANTY, ZENITH and NESTLE.
In terms of VOLUME, FBNH, COURTVILLE, GUARANTY, FIDELITY, and TRANSCORP topped the list of equities on the trading chart.
NB, NASCON, NESTLE, PZ and UNILEVER led the Consumer Goods index to a gain of 4.91%.
DANGCEM, WAPCO, CCNN and BETAGLAS led the Industrial index to a gain of 3.65%.
FORTE and MOBIL led the Oil & Gas index to a gain of 2.92%.
ACCESS, ETI, FIDELITY, GUARANTY, UBA, UBN and WEMA led the Banking index to a gain of 1.84%.
CONTINSURE led the Insurance index to a gain of 0.49%.