Nigerian equities market continued on a positive note yesterday as the Nigerian Stock Exchange All Share Index, NSE ASI, appreciated by 0.27 percent to close at 27,389.02 points compared to Monday’s growth of 0.27 percent when the ASI closed at 27,316.52 points.
Similarly, the Market Capitalization appreciated by N24.9 billion to close at N9.406 trillion compared to N23.9 billion gained previously to close at N9.381 trillion.
Despite a negative market breadth of 15 gainers to 18 losers, the share prices of Livestock Feeds Plc, Sterling Bank, Total, UBA, Continental Re-insurance Plc rose amongst other banking giants such as Guaranty Trust Bank, Zenith Bank, Skye Bank and Fidelity Bank were mainly responsible for the growth recorded in the NSE ASI, trimming the Year-to-Date (YTD) returns to -4.38 percent.
Livestock Feeds Plc led the day’s top five gainers with an addition of 5.56% or 5 kobo to close at 95 kobo per share, Sterling Bank followed with a 4% or 4 kobo growth to close at N1.04 per share, Total Oil Nigeria Plc added 3.33% or N8 to close at N248 per share, UBA Plc appreciated by 3.11% or 13 kobo to close at N4.31 per share, and Continental re-insurance Plc gained 3.09% or 3 kobo to close at N1 per share.
On the flip side, Champion Breweries Plc led the day’s retreating stocks with a decline of 8.06% or 25 kobo to close at N2.85 per share, Nigeria Police Force Microfinance Bank Plc lost 4.95% or 5 kobo to close at 96 kobo per share, Africa Prudential Registrars Plc fell by 4.94% or 13 kobo to close at N2.50 per share. Conoil Plc declined by 4.92% or N1.12 to close at N21.65 per share and Presco Plc depreciated by 4.86% or N1.89 to close at N36.96 per share.
The total value of stocks traded on the floors of The NSE was N2.23 billion, up by 11 percent from N2.00 billion recorded on Monday.
The total volume of stocks traded in 3,512 deals was 235.9 million shares in contrast to 213.6 million traded in 3,742 deals in previous session.
The top three traded stocks yesterday were: Zenith Bank which sold 67.1 million shares worth N1.0 billion, Access Bank Plc 46.7 million shares worth N259.3 billion and UBA Plc exchanged 15 million stocks worth N67.6 million.

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