Daily Market Update –May 07, 2013

The Stock Market
Trading activities at the Nigerian Stock Exchange (NSE) remained bearish today, as market capitalisation of equities depreciated further by 0.34% to close at ₦11.13 trillion, from ₦11.17 trillion.

The NSE All-Share Index also depreciated by 0.34% to close at 34,815.24 basis points as against yesterday’s figures of 34,935.62; putting year-to-date returns at 23.99%.

ACCESS BANK topped the volume chart today with 54.60 million units of shares valued at ₦595.63 million, while FBN HOLDINGS followed, exchanging 44.91 million worth ₦883.34 million.

Market breadth turned positive today with 34 gainers against 20 losers. MAYBAKER, CUTIX and CAP topped the gainers’ chart, gaining 10.00%, 10.00% and 9.98% respectively, while LEARNAFRCA, RTBRISCOE and ETERNA led market losers with respective losses of 10.00%, 10.00% and 9.82%.