Capital Market Featured Finance

Market maintains upbeat as indicators soar further

TRADING on the floor of the Nigerian Exchange yesterday improved its upbeat as the twin market indicators both appreciated further by 0.07 percent respectively.

Market capitalization closed the market with an increase of N19 billion to close at N25.632 trillion while the All-Share Index added 35.48 to close at 47,545.86 points.

Despite the price dropped witnessed by some major players, the twin indicators continued to appreciate, this is the third week of continuous appreciation.

Leading the list of 21 gainers, was Meyer with price gain of 10 percent to close at N1.76 followed by Guinness with a price increase of N6.86 percent to close at N74.80. Others were NPF Microfinance Bank, Cadbury, Unilever, Sterling, FBNH, Accesscorp, Fidelity, Unity, Stanbic and Oando.

On the losers table was Academy Press with the highest drop of 9.72 percent to close at N1.30 followed by John Holt with a drop of 9.30 percent to close at N0.78.

Others were Japaul, Neimeth, Phama Deko, FCMB, Chams, UBA, Nigerian Breweries, Transcorp, Wema and Zenith Bank.

Investors in all traded 365.454 million shares worth N7.106 billion across 5,790 deals. The bond capitalization closed at N21.755 trillion while the ETF closed at N7.086 billion

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