Following the restreaming and petroleum production in the PH/WARRI and Kaduna refineries alongside some drastic efforts made by Central Bank of Nigeria and the Bank of Industries (BOI) the naira is gradually appreciating against the dollar in the parallel market at $210 from $240 meanwhile the equities market closed yesterday on a positive note, as Nigerian Stock exchanges ASI appreciated by 0.22% to close at 30,247.83basis points compared with the 0.84% depreciation recorded previously.Its Year-to-Date
(YTD) returns currently stands at -12 .73%
Market breadth closed negative as FLOURMILL led the gainers’ list against the 22losers topped by ACADEMY at the end of yesterday’s session.
See performance trend for flourmills
FLOURMILL recorded active bargain tendency with 4.90% gain,extending the reversal trend as investors displayed strong optimistic tendencies.
The stock closed as top performer with significant surge in bullish volume, recording 3913.83% surge
in bullish volume. The volume traded as at 3rd August, 2015 represents 0.62% of the total shares in issue valued at N480.78million- an indication of smart
money in action.
CUSTODYINS, MAY & BAKER, LAWUNION ROCK AND VITAFOAM WHERE AMONGST THE PRICE GAINERS.
WHILE LEAD AFRICA, JAPAUL OIL, UPL AND EVANMEDS WHERE PASSENGERS IN ACADEMY’S DRIVEN LOSSER’S BAND WAGON.
Market turnover closes positive as volume moved up by 19.37% against 73.80% uptick recorded in the previous session. ZENITHBANK , UBA and CONTINSURE were the most active to boost market turnover. GUARANTY and ZENITHBANK top market value list.
BETAGLAS leads the list of active stocks that record impressive volume spike at the end of session yesterday
Other Volume Spikes.
Compiled & posted by: @djshyluckjimmy