By Isaac Olufemi Ojo
Activities on the floor of the Nigerian stock market have remained consistently robust, maintaining a bullish outlook over the last few weeks.
At the close of business yesterday, February 16th, the market sustained its upward trajectory with a marginal gain of 4.36%. By the conclusion of today’s session, a total of 1.1 billion units of shares, valued at over N64 billion, were exchanged across 50,068 deals.
The All-Share Index (ASI) finished the day at 7,953.36 basis points, pushing the total market capitalization to a historic high of over N122.129 trillion.
The market closed with 57 gainers and 27 losers. Beta Glass, Oando, Ikeja Hotel, McNichols, and ABC Transport led the gainers’ chart, each advancing by 10% to close at N453.20, N44.00, N41.80, N8.47, and N8.25 per share, respectively.
Conversely, on the bears’ chart, RT Briscoe led the decline with a loss of 9.99%, closing at N7.64. Caverton Offshore Support Group followed with a 9.62% drop to close at N7.05, while Guinea Insurance shed 9.27% to finish at N1.37.
