Transactions on the floor of the Nigerian Stock Exchange closed on a positive note as the All Share Index appreciated by 0.80% to settle at 39,110.17 points from the previous close of 38,800.01 points. Investors gained N168 billion as Market Capitalisation appreciated by 0.83% to N20.447 trillion from the previous close of N20.279 trillion.
An aggregate of 722.57 million units of shares were traded in 5,042 deals, valued at N4.38 billion.
The market breadth closed negative as 19 stocks appreciated in their share prices against 20 stocks that declined in their share prices.
Stocks to Watch
Just like we have always advised, fundamentally sound stocks should be at the back of the mind of any investor. As full year result of quoted companies is around the corner, investors should take advantage of stocks with good dividend yield.
Access Bank grew to N8.95 from N8.60 from. It is currently trading 25.42% away from its 52 weeks high of N12. At that, there is uptrend potential in the share price of Access Bank.
FBN Holdings traded flat at N7.10. It is trading 21.11% away from its 52 weeks high of N9 which implies an uptrend potential for the share price of the big elephant.
Zenith Bank grew to N25 from N24.5. It is trading 12.28% away from its 52 weeks high of N28.5.
WAPCO traded flat at N21. It is trading 19.23% away from its 52 weeks high of N26, which implies an uptrend potential for the share price of the company.
UBA grew to N8.50 from N8.45. It is trading 13.27% away from its 52 weeks high of N9.8. There is growth potential in the share price of the bank.
Guaranty Trust Bank dropped to N32.7 from N32.8. It is trading 14.95% away from its 52 weeks high of N38.45, which suggest an uptrend potential for the share price of Guaranty Trust Bank.
Jaiz Bank led other gainers with 10% growth to close at N0.66 from the previous close of N0.60.
NEM Insurance and LASACO among other gainers also grew their share prices by 9.56% and 8.82% respectively.
NCR Nigeria Plc led other price decliners as it shed 9.68% of its share price to close at N1.96 from the previous close of N2.17.
FTN Cocoa and Trans-Nationwide Express among other price decliners also shed their share prices by 8.99% and 8.86% respectively.
AIICO Insurance traded about 273.13 million units of its shares in 55 deals, valued at N326 million.
Oando Plc traded about 81.45 million units of its shares in 129 deals, valued at N323.33 billion.
FBN Holdings traded about 41.09 million units of its shares in 210 deals, valued at N294.2 million