NGX All-Share Index Closes Flat

Activity on the Nigerian stock market yesterday closed flat as the benchmark index settled at 51,953.41 points. 

The All Share Index (ASI) closed at 51,953.41 points, slightly higher than 51,952.99 points closed the previous day. Also, market capitalisation recorded N28.300trllion.

The slight upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Berger Paints, Skyway Aviation Handling Company, International Breweries, Dangote Sugar Refinery and Multiverse Mining and Exploration.

As measured by market breadth, market sentiment was positive, as 17 stocks  gained relative to 11 losers. Skyway Aviation Handling Company recorded the highest price gain of 10 per cent to close at N5.50, per share. Associated Bus Company followed with a gain of 9.68 per cent to close at 34 kobo and Berger Paints up by 8.57 per cent to close at N7.60, per share.