The positive performance was impacted by investors’ bargain hunting sentiments across all the major sectors, led by Insurance and Banking sectors.
The market upturn was driven by price appreciation in large and medium capitalised stocks amongst which are; Guaranty Trust Bank Holding Company, Dangote Sugar Refinery, Lafarge, Cutix and Custodian Investment. Also, the market sentiment, as measured by market breadth, was positive as 22 stocks gained, relative to 13 losers. Cutix recorded the highest price gain of 10 per cent to close at N3.63, per share. John Holt followed with a gain 9.84 per cent to close at 67 kobo and UACN Property Development Company rose by 9.71 per cent to close at N1.13, per share.
Japaul Gold and Ventures shed 3.92 per cent to close at 49 kobo, while Unity Bank depreciated by 3.51 per cent to close at 55 kobo, per share.