Equities market in five months high as ASI rises by 2.9%

The equity market recorded the highest day-on-day appreciation so far in the year 2017 today, moving the Year-to-Date (YTD) return in the market from negative to positive territory.
The Nigerian Stock Exchange All Share Index (NSE ASI) rose by 2.95% to close at 27,546.68 points.
The appreciation recorded in the share prices of Nigerian Breweries, Zenith Bank, GT Bank, FBN Holdings and Dangote Cement were mainly responsible for the gain recorded in the Index.
YTD, the Index appreciated by 2.50%. Similarly the Market Capitalization appreciated by 2.95% to close at N9.52trn, compared with the appreciation of 1.28% recorded yesterday to close at N9.25trn.
The total value of stocks traded on the floors of The NSE was N5.65bn, up by 100.70% from N2.82bn recorded yesterday.
The total volume of stocks traded was 584.11mn in 5,121 deals.
The three most actively traded stocks were: UBA (104.12mn), Diamond Bank (53.93mn) and Zenith Bank (50.01mn).
The most actively traded sectors were: Financial Services (455.72mn), Consumer Goods (71.48mn) and Conglomerates (28.29mn).