Equities market reverses loss, post 0.15% gain


SENTIMENTS reversed in the Nigerian equities market on Wednesday following loss recorded on Tuesday, as the All Share Index advanced by 0.15 per cent to close at 26,385.80 points.

Also market capitalisation appreciated marginally to N9.08 trillion as against N9.07 recorded at the close of trading on Tuesday.

Gains recorded reduced the Year-to-Date loss to 1.82 per cent. The banking sector advanced by 0.73 per cent and Oil & Gas 0.37 per cent closed positive, following demand for GUARANTY at 1.87 per cent, ZENITHBANK, at 0.60 per cent, FO, 2.17 per cent and ETERNA 4.04 per cent respectively.

Conversely, selloffs in GUINNESS at a decline of 6.38 per cent, CCNN, at -3.86 per cent and MANSARD 1.23 per cent weighed on the consumer goods, which recorded 0.28 per cent decline, industrial goods, with -0.05 per cent depreciation and Insurance sector with 0.15 per cent descent.


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