The domestic equities market, yesterday, ended the session mixed albeit with a bullish tilt as the market rebounded with a gain of N8 billion.
The All-Share Index (ASI) rose by 14.06 absolute points, representing a gain of 0.03 per cent to close at 44,332.21 points. Accordingly, investors gained N8 billion in value as market capitalisation went up to N24.147 trillion.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Stanbic IBTC Holdings, Dangote Sugar Refinery, Lafarge Africa, UPDC Real Estate Investment Trust and Vitafoam Nigeria.
On market outlook, GTI Securities Limited said, “We expect negative sentiments to persist, as pre-election risks amplifies.”
Market breadth closed flat with 17 gainers and losers. Computer Warehouse Group (CWG) recorded the highest price gain of 9.59 per cent to close at 80 kobo, per share. UPDC Real Estate Investment Trust followed with a gain 8.92 per cent to close at N3.05, while Japaul Gold & Ventures went up by 7.69 per cent to close at 28 kobo, per share.
Wapic Insurance went up by 5.88 per cent to close at 36 kobo, while Dangote Sugar Refinery appreciated by 3.92 per cent to close at N15.90, per share.
On the other hand, Beta Glass led the losers’ chart by 9.98 per cent to close at N41.50, while Aluminium Extrusion Industries followed with a decline of 9.72 per cent to close at N6.50, per share.
Mutual Benefits Assurance and R.T. Briscoe Nigeria lost 9.68 per cent each to close at 28 kobo each, while Regency Alliance Insurance shed 7.69 per cent to close at 24 kobo, per share.
However, the total volume traded declined by 27.90 per cent to 119.224 million shares, worth N3.201 billion, and traded in 2,909 deals.
Transactions in the shares of Fidelity Bank topped the activity chart with 39.364 million shares valued at N149.024 million. Guaranty Trust Holding Company (GTCO) followed with 8.319 million shares worth N153.965 million, while Japaul Gold & Ventures traded 6.770 million shares valued at N1.853 million.
Jaiz Bank traded 4.444 million shares valued at N3.889 million, while Access Holdings transacted 4.352 million shares worth N35.442 million.
