The equities market halted losing streak to close in an upbeat yesterday, occasioned by renewed interest in high value stocks, causing market capitalisation to gain N7billion.
Specifically, at the close of trading, Wednesday, the Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 13.54 absolute points or 0.06 per cent to close at 23,709.44 points. Similarly, the market capitalisation rose by N7billion to close at N12.356trillion.
The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which were; Mobil Nigeria, Total Nigeria, Unilever Nigeria, Stanbic IBTC Holdings, and Guaranty Trust Bank.
Analysts at APT Securities and Funds Limited, said: “We expect a push up in activity in next trading session to further strengthen yesterday’s positive stance as activity have dwindled consecutively into the mid-week.”
Specifically, at the close of trading, Wednesday, the Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 13.54 absolute points or 0.06 per cent to close at 23,709.44 points. Similarly, the market capitalisation rose by N7billion to close at N12.356trillion.
The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which were; Mobil Nigeria, Total Nigeria, Unilever Nigeria, Stanbic IBTC Holdings, and Guaranty Trust Bank.
Analysts at APT Securities and Funds Limited, said: “We expect a push up in activity in next trading session to further strengthen yesterday’s positive stance as activity have dwindled consecutively into the mid-week.”