Nigerian stocks found resilience on Wednesday after one-week of successive losses as the main equity rose by 0.02 per cent.
That helped the banking index up by 0.25 per cent, making it the best mover of the five sector indexes tracked by the bourse.Market breadth, which weighs the extent of investors’ sentiment towards trade, was neutral as 16 gainers were reported compared to 16 laggards.Year to date, the index is up 10.4 per cent.CAP led gainers, appreciating by 10 per cent to close at N19.80. Learn Africa went up 9.60 per cent to N2.17. Champion Breweries Cocoa rose to N2.04, notching up 9.
Sterling Bank added 3.95 per cent to end today’s trade at N1.58. Conoil completed the top 5, climbing by 2.92 per cent to N24.70.FCMB was the worst performing stock, declining by 8.72 per cent to close at N3.35. Mutual Benefits shed 7.41 per cent to close at N0.25. ABC Transport fell to N0.30, losing 6.25 per cent.
Pharma Deko slid to N1.73, recording 5.98 per cent depreciation. FTN Cocoa closed at N0.32, going down by 5.88 per cent.In total, 267.5 million shares estimated at N3.2 billion were traded in 4,099 deals. Fidelity Bank was the most active stock with 68.8 million units of its shares worth N219.2 million traded in 318 deals.UBA had 30.9 million shares valued at N236.1 million traded in 240 deals. GTCO traded 24 million shares estimated at N622 million in 426 transactions. Zenith Bank traded 12.6 million shares valued at N339 million in 318 deals.