The Nigerian stock market wrapped up July on a positive note, adding N370 billion for investors.
The uptrend was due to strong buying interest in medium and large-capitalized stocks, like: UAC of Nigeria, Wema Bank, Guinness Nigeria, Skyway Aviation Handling Company and 25 other stocks.
The market capitalisation increased by 0.42 per cent or N370 billion, closing at N88.424 trillion compared to N88.054 trillion on Wednesday.
Similarly, the All-Share Index climbed by 584.85 points or 0.42 per cent to reach 139,863.52 as against 139,278.67 earlier recorded. However, the market breadth closed negative with 55 losers and 29 gainers.
FTN Cocoa Processors led the decliners’ chart, dropping by 10 per cent, closing at N5.67 while Learn Africa also lost by 10 per cent, settling at N6.30 per share.
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AXA Mansard Insurance fell by 10 per cent, ending the session at N11.70 and The Initiates Plc also shed by 10 per cent, finishing at N13.50 per share.Ikeja Hotel declined by 9.96 per cent, closing at N20.80 per share.
On the advancers’ chart, UAC of Nigeria soared by 10 per cent, finishing at N80.30 while Wema Bank also increased by 10 per cent, ending the session at N22 per share.
Guinness Nigeria rose by 9.96 per cent, settling at N117.05 and Skyway Aviation Handling Company gained by 9.95 per cent, closing at N90.05 per share.
Similarly, Mecure climbed by 9.69 per cent, ending the session at N15.85 per share.
Meanwhile, 1.11 billion shares worth N33.65 billion were exchanged across 37,370 transactions, compared to 922.03 million shares worth N35.39 billion that was traded across 36,423 transactions earlier.
Transactions in the shares of First City Monument Bank led the activity chart with 121.54 million shares valued at N1.22 billion.
Universal Insurance followed with 91.55 million shares worth N71.69 million while Fidelity Bank transacted 81.12 million shares valued at N1.7 billion.
Regency Alliance Insurance traded 64.53 million shares worth N51.94 million and Royal Exchange Plc sold 47.12 million shares valued at N79.55 million.
