Buy interests in TRANSCORP, STANBIC and NESTLE gets Stock market a 0.02% gain

• Yesterday, Wednesday,, the Nigerian stock market NGX All Share Index (ASI) posted a meagre gain of  0.02%, to close at 147,742.23 points. Consequently, the year-to-date return climbed to 43.54% from the 43.51% recorded in prior week. Market capitalisation also gained N19.84bn (+0.86%), settling at N93.78trn.
• The market performance was largely driven by buy interest in TRANSCORP (+4.19%), STANBIC  (+1.61%), and NESTLE (+1.23%), outweighing sell pressure in GTCO (-0.64%), UACN (-6.46%), and NB (-1.67%).
• Market activity was down, with transaction volume and value declining by 21.41% and  28.02% respectively. FIDELITYBK (+0.25%) led the volume chart with 46.87m units traded, while ZENITHBANK (+0.15%) led in value with N1.42bn worth of transactions.
• Market breadth closed positive at 1.22x, reflecting more advancers than decliners.  ROYALEX (+7.37%) led the thirty-three (33) gainers, while TRIPPLEG (-9.91%) topped the twenty-seven (27) laggards.

NASD Summary

• The NASD reversed losses from previous session, with the NASD OTC Securities Index (NSI) and market capitalisation rising by 1.67%, closing at 3,513.04 points and N2.10trn, respectively.
• Market activity declined, as transaction volume and value edged down by 96.99% and 29.80% respectively.
• SD11PLC (+9.09%) topped the market gainers, while SDAFRILAND (-7.90%) led the decliners in today’s session.