High Cap Stocks Propel Equity Market– FSDH

The equity market appreciated today, as a number of highly capitalized stocks boosted The Nigerian Stock Exchange All Share Index (NSE ASI) by 0.59% to close at 25,284.56 points.
The appreciation recorded in the share prices of GT Bank, Nigerian Breweries, Dangote Cement, UBA, and Zenith Bank were mainly responsible for the gain recorded in the Index. Year-to-date, the NSE ASI depreciated by 5.92%.
Similarly, the Market Capitalization appreciated by 0.59% to close at N8.75trn, compared with the depreciation of 0.40% recorded yesterday to close at N8.69trn.
The total value of stocks traded on the floors of The NSE was N928.50mn, up by 36.31% from N681.16mn recorded yesterday. The total volume of stocks traded was 227.75mn in 2,543 deals. The three most actively traded stocks were: Diamond Bank (57.64mn), FBN Holdings (32.88mn) and NEM Insurance (25.93mn). The most actively traded sectors were: Financial Services (188.85mn), Conglomerates (19.48mn) and, Oil and Gas (12.30mn).