Equities market reverses Monday loss by 0.68%

THE Nigerian Equities market reversed its previous loss of 31bps recorded on Monday to gain 68 bps and close at 37,503.73 points by the close of trading, thus hinging upward by 0.68 per cent.

Market activity saw the All Share Index (ASI) hit 37,503.73, as market capitalisation was estimated at N13.042 trillion.

Market breadth closed bullish with a count of 11 losers as against 25 gainers. Nigerian Breweries stocks led other gainers with 6.43 per cent gain, while Mobil stock was the worst traded stock with 5.4 per cent lose.

Five sector indices on the Nigerian Stock Exchange (NSE) closed in the green zone, while two loosed in the red zone, with the NSE ASEM maintaining its previous close.

Trade value for the day increased by 0.54 per cent from its previous trading level of N4.78 billion to close at N4.80 billion. Similarly, trade volume rose from 942 million shares traded on Monday to close at 1.10 million shares traded.

WAPIC topped the volume-based performance chart with an aggregate of 655 million shares recorded for the day, followed by Diamond Bank and Zenith Bank. On the value-based ranking, Zenith Bank Plc topped the with an estimated 1.56 billion naira worth of trades.