Demands for Nigerian Aviation Handling Company, Deap Capital Management, Omatek Ventures, Zichis Agro Allied Industries, Austinlaz and 55 other equities drove the market’s positive performance.

Specifically, the market capitalisation which opened at N109.129 trillion, gained N1.105 billion or 1.01 per cent to close at N110.234 trillion.

The All-Share Index also gained by 1.01 per cent or 1,722.13 points, to close at 171,727.49, against 170,005.36 recorded on Thursday.

This led the Year-to-date return to 10.36 per cent.

Also, the market breadth closed positive with 60 gainers and 19 losers.

Nigerian Aviation Handling Company, Deap Capital Management and Omatek Ventures led the gainers’ chart by 10 per cent each, finishing at N136.40, N6.82 and N2.64 per share respectively.

Zichis Agro Allied Industries and Austinlaz grew by 9.98 per cent each, closing at N6.72 and N5.40 per share respectively.

Conversely, The Initiates led the losers’ chart by 9.74 per cent, settling at N19.45, Daar Communications trailed by 7.32 per cent, closing at N1.90.

The United Capital shed by 6.55 per cent, finishing at N18.55 per share.

Also, WAPIC Insurance dipped by 5.71 per cent, ending the session at N3.30 and First Holding Company lost by 5.53 per cent, closing at N47 per share.

A total of 953.8 million shares worth N43.1 billion were exchanged in 51,005 deals, against 712.9 million shares valued at N22.3 billion that was traded across 46,104 transactions.

This showed a 34 per cent increase in volume, 94 per cent growth in turnover, and 11 per cent improvement in deals.

Fidelity Bank recorded the highest volume with 92.39 million shares traded, accounting for 9.69 per cent of the day’s total volume.

Presco recorded the highest value traded at N11.27 billion, accounting for 26.15 per cent of the total value traded for the day.

Source: NAN

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Selloffs in stocks such as RT Briscoe, May and Baker, Ikeja Hotel, LivingTrust Mortgage Bank, eTranzact, and 33 others dragged the market into negative territory.

As a result, market capitalisation declined by 0.33 per cent, or N352 billion, from N106.088 trillion at the opening to N105.736 trillion at the close.

Similarly, the All-Share Index fell by 549.45 points, or 0.33 per cent, from 165,713.83 to 165,164.38.

The market breadth also closed negative recording 38 losers and 32 gainers.

RT Briscoe led the losers’ chart by 9.97 per cent, settling at N6.50, May and Baker trailed by 9.96 per cent, ending the session at N32.25 while Ikeja Hotel lost by 9.92 per cent, finishing at N32.25 per share.

Livingtrust Mortgage Bank dropped by 9.90 per cent, closing at N4.64 and Etranzact dipped by 9.16 per cent, settling at N17.35 per share.

On the other hand, Union Homes Real Estate and Deap Capital Management led the gainers’ chart by 9.97 per cent, finishing at N94.85 and N9.49 per share respectively.

Also, Tantalizer increased by 9.92 per cent, settling at N3.88, Skyway Aviation Handling Company rose by 9.91 per cent, closing at 128.60 and Morison grew by 9.90 per cent, ending the session at 9.99 per share.

Analysis of the market activity showed a 29 per cent growth in the volume, two per cent increase in value but a five per cent drop in deals.

A total of 623.2 million shares worth N16.5 billion were traded in 42,172 transactions, compared to 483.09 million shares valued at N17.4 billion that was exchanged across 41,499 deals.

Neimeth International Pharmaceutical recorded the highest volume with 58.13 million shares, accounting for 9.33 per cent of the total volume traded for the day.

Zenith Bank recorded the highest value traded at N2.30 billion, accounting for 13.93 per cent of total value traded for the day.

Source: NAN

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