Stock market hits year-high on strong breadth, erase YTD losses

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ACTIVITIES on the Nigerian stock market closed on a positive note yesterday, as NSE ASI appreciated by 2.18% to close at 28,877.47basis points, compared with the 3.78% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at +0.82%. Market breadth closed positive as Guinness led 49gainers against 6 losers topped by A.G Leventics at the end of yesterday’s session- an improved performance when compared with previous outlook. Market turnover closes positive as volume moved up by 37.23% against 73.00% uptick recorded in the previous session. FBNH, Fidelity Bank and UBA were the most active to boost market turnover. GTB and Dandgote Cement top market value list.
C.I Leasing leads the list of active stocks that recorded impressive volume spike at the end of yesterday’s session.

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Source:: Nigerian Pilot