All shares index upsurge by 1.67 pct
The Nigerian Stock market All Shares Index (ASI) rose by 1.67 per cent to close at 32,657.30 points to lift market capitalisation to ₦11.29 trillion at the close of Wednesday’s session, stating a strong start for the final trading week of June
This comes as financial markets across the country resumed from the two-day Eid-al-Fitri holiday declared by the Federal Government.
Transactions on the trading floor yielded a turnover of 386.23 million shares worth over ₦3.30 billion in 4,372 deals even as 25 stocks advanced while 18 others declined in value.
UBA emerged top on the gainers’ chart, appreciating by 8.17 per cent to close at ₦9.00 per share. DANCEM followed with 2.25 per cent to close at ₦200 per share while Nigerian Breweries appreciated by 1.73 per cent to close at ₦910.
On the flipside, Okomu oil led the losers’ pack, depreciating by -4.99 per cent to close at ₦58.49 per share. Julius Berger fell further by -4.99 per cent to close ₦39.45 per share while Unilever depreciated by -4.98 per cent to close at ₦40.85.
Further analysis showed that investors’ preference for stocks were highly reflected in the performance of UBA which remained the volume driver with 87.11 million shares valued at ₦762 billion. Wema Bank and Transcorp recorded 51.89 and 37.41 million shares worth ₦28.5 billion and N54.4 billion respectively.
This was in contrast to the value traded which depreciated by 23.30 per cent to ₦24.6 billion with Zenith Bank, GTB and Nigerian Breweries (NB) accounting for 49.53 per cent of total value last week.
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