AIRTELAFRI, ETI Led 17 Others to 1.29% Equity Market Gain


Investors on the Lagos Custom Street sustained the previous day’s rebound with an upsurge of 1.23 percent in the market indicators.

The growth follows the price appreciation in AIRTELAFRI, ETI, UCAP, among 15 others.

As a result, the market index (All-Share Index) rose by 590.48 basis points, representing an increase of 1.29 percent to close at 46,529.99.

While the Market Capitalization gained ₦318.18Bn, representing a surge of 1.29 percent to close at ₦25.07 trillion.

→ In the same vein, the market activities were positive as the Total Volume and Value traded rose by 32.83 percent and 34.66 percent, respectively.

Approximately 329.00 million units valued at ₦4.82 billion were transacted in 4,219 Deals.

MULTIVERSE led the most traded stock in terms of volume, accounting for 17.53 percent of the total volume of trades, followed closely by MBENEFIT (14.69%), GTCO (11.19%), CHAMS (6.72%) and NB (4.07%) to complete the top five on the volume chart.

While MTNN emerged as the most traded stock in value terms, with 20.66 percent of the total value of trades on the exchange.

→ AIRTELAFRI appeared the best gainer, leading the advancers’ chart with maximum price appreciation of 10.00 percent, trailed by ETI (9.55%), STERLNBANK (3.12%), HONYFLOUR (3.03%), UCAP (2.33%), UBA (1.23%), UBN (0.85%), ACCESS (0.52%), NB (0.11%) and ten (10) others.

Also, nineteen (19) stocks depreciated in price, led by CADBURY with price depreciation of 9.47 percent to close at ₦8.60 as NEIMETH (-5.26%), BUACEMENT (-4.76%), ETERNA (-3.94%), DANGSUGAR (-2.82%), STANBIC (-2.23%), OANDO (-1.05%), LIVESTOCK (-0.94%), TRANSCORP (-0.93%) and SEPLAT (-0.63%) also dipped in price.

As a result, the market breadth closed at par, recording 19 gainers and 19 losers.

→ Meanwhile, the market sector performance was broadly negative, led by Industrial Goods (-1.89%), Insurance (-0.63%), Oil & Gas (-0.59%) and Consumer Goods (-0.39%), while only the Banking sector gained by 1.32% as against the previous session.