Transactions on the Nigerian Stock Exchange closed in the green zone to what some market watchers attributed to investors’ renewed confidence in the local bourse following expectations that the appointed market makers billed to commence operation today will help inject liquidity in the equity market.
?Market operators had predicted that the development would impact positively on the stock market which will eventually lead to an increase of investor confidence in the stock market.
Consequently, the NSE All-Share Index appreciated by 36.65 points or 0.14% to close Monday at 25,373.83 while the market capitalization of the 187 Main Board equities appreciated by N12 billion, from N8.065 trillion to N 8.077 trillion.
?Royalex and Inter Breweries Plc? led on the? gainers’ table? with a gain of five per cent each to close at 63 kobo and? N14.28 per share? respectively while Roads Plc followed with a gain of 4.93 per cent to close at N10.22 per share, among other gainers.
On the other hand, Cadbury Nigeria Plc led on the price losers’ table, dropping by 4.99 per cent to close at N20.37 per share while May and Baker Plc followed with a loss of 4.85 per cent to close at N1.57 per share, among other losers.
Further analysis showed that a turnover of 361.6 million shares worth N2.5 billion in 4,636 deals was recorded during the day.
The banking sub sector of the Financial Services? sector activated by the shares of First Bank and Diamond Bank accounted for? the largest volume of trade with a turnover of 199.9 million shares valued at N1.8 billion in 2,539 deals.
The Insurance Carriers, brokers and services subsector of the Financial Services sector, boosted by activity in the shares of Cornerstone and AIICO Plc, followed on the day’s activity chart with a subsector turnover of 106 million shares valued at N68.9 million traded in 201 deals.
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