It was a another subdued day of trading on the equities market on Tuesday, as the benchmark index made only a marginal move in the positive direction.
Coming in from a negative close on Monday, the All-Share Index gained 4.88 points, a mere 0.01% increase to close Tuesday’s trading session at 38,920.50 points.
Investors’ wealth increase by same percentage points, adding N2.54bn as the market capitalization settled at N20.27tn.
Shares of Vitafoam Nig. Plc took up 4th position in the gainers table, appreciating by 3.88% to close the day’s trading at N17.40.
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The shares price of this Foam manufacturer has now appreciated by 480.00% over the past 5 years, 305.59% over the past two years, 200.00% over the past one year, and YTD; it is up by 123.08%.
Activity Level
The activity level was mixed on Tuesday, as the volume of traded shares increased while the value of traded shares decreased.
The volume of shares traded increased by 13.61% to 228.47 million units while the value of shares traded decreased by 25.63% to N1.87 billion.
Banking stocks were the first, second and third most traded stocks by volume. With 46.76 million units of shares, WEMABANK shares was the most traded by volume.
The is followed by shares of ACCESS and UBA with 28.23 million and 17.76 million units of shares respectively.
Shares of ACCESS were the most traded by value, with shares worth N263.49mn exchanging hands in 289 deals.
Shares of MTNN and STANBIC we the second and third most traded by value with shares worth N233.46mn and N230.78mn respectively.
Performance of Indices under our watch
The performance of the five indices under our watch are as below;
- Banking Index: +0.13%
- Industrial Goods Index: +0.13%
- Consumer Goods Index: -0.08%
- Oil & Gas Index: -0.39%
- Insurance Index: -0.85%
Investor Sentiment
Investors sentiment as measured by market breadth (advance/decline ratio) weakened to 0.7x against 1.0x recorded on Tuesday, as 14 stocks gained while 21 stocks lost.
Top Gainers:
- UPDC gained 9.93% to close at N1.66
- ACADEMY gained 8.33% to close at N0.39
- COURTVILLE gained 7.41% to close at N0.29
- VITAFOAM gained 3.88% to close at N17.40
- LIVESTOCK gained 2.88% to close at N2.14
Top Losers:
- SOVRENINS lost 6.25% to close at N0.45
- UPL lost 6.42% to close at N1.02
- REGALINS lost 6.25% to close at N0.45
- UACN lost 4.85% to close at N9.80
- CHAMS lost 4.55% to close at N0.21
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
