* Today, the Nigerian stock market saw a reverses course to gain 10bps from the previous session as the ASI and market capitalisation increased by 10bps to settle at 143,763.13 points and N91.44trn, respectively. As a result, the year-to-date (YTD) return rose to 39.68% from 39.53% the previous day.
* Gains in UACN (+7.17%), PRESTIGE (+9.56%) STERLINGNG (+8.96%) offset losses in CAVERTON (-10.00%), UNIONDICON (-10.00%) and MANSARD (-4.23%) boosting investors confidence in the market.
* Analysis of today’s market activities showed trade turnover, however settled lower relative to the previous session, with the value of transactions down by 34.73%. FIRSTHOLDCO (+1.47%) led both the volume chart while STANBIC (0.00%) led the value charts with 3.21bn units traded.
* Market breadth closed positive at a 1.63-to-1 ratio with advancing issues outnumbering declining ones. NCR (+9.98%) topped thirty-two (32) gainers, while CAVERTON (-10.00%) led the twenty-one (21) laggards.
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