Equities trading shows improvement
February 10, 2010
Monday's trading session showed some improvement as the ASI and Market Capitalisation increased by 224.38 basis points (1.02 percent) and N54 billion (1.02 percent) to close at 22,254.56 points and N5.360 trillion as against 22,030.18 points and N5.306 trillion the previous trading day.
Similarly, the volume and value of trades gained 58.87 percent and 16.14 percent while the number of deals lost 12.29 percent as 569.33 million units worth N2.08 billion exchanged hands in 29,534 deals in contrast with 358.36 million units valued at N1.79 billion in 33,672 deals on Friday last week.
Top Five Trades Capital Oil Plc led the chart trading 250.52 million units worth N125.26 million in 11 deals followed by United Bank for Africa Plc (27.99 million units), Finbank Plc (26.16 million units), BAGCO Plc (24.97 million units) and Fidelity Bank Plc (23.13 million units).
Analysis of Gainers/Losers Investors traded on 127 equities in which there were 46 (36 percent) advancers, 32 (25 percent) decliners, leaving 49 (39 percent) stagnant.
Notable Gainers 7UP Plc garnered N1.20 (4.08 percent) to close at N30.60. Others were PZ, Dangote Flour, Guaranty Trust Bank, Costain (W.A.), to mention few.
Notable Losers Unilever Plc recorded the highest price loss, reducing by N1.25 (4.98 percent) to close at N23.84. Other losers were NAHCO, Vitafoam, Red Star Express, Fidson, among others.
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