Speculative activities in the stock market, yesterday, resumed the upward movement of the local bourse, as investors recorded N16 billion gains.
Thus, the benchmark All Share Index gained 47.70 points or 0.16 per cent to close at 30,359.47 points.
Analysts at United Capital Limited said market will continue to oscillate between gains and losses this week, though tilting towards the positive.
Trading however recorded 169.857 million shares worth N1.418 billion in 3,512 deals, against 413.883 million shares valued at N2.361 billion in 4,331 deals recorded on previously.
The financial services sector dominate volume and value, driven by transactions in FBN Holdings Plc which traded 39.490 million shares worth N242.790 million, followed by United Capital Plc with 21.726 million unit of shares valued at N31.609 million, Unity Bank Plc with 12.625 million share at N16.006 million and Guaranty Trust Bank traded 12.422 million shares worth N296.155 million.
The market closed higher as 26 stocks appreciated in price as against 19 of Tuesday while 21 stocks depreciated in price as against 29 stocks recorded previously.
At the end of the trading, Total Nigeria Plc led other stocks on the gainers chart with a gain of N6.38 kobo to close at N150.00 kobo per unit from N143.62 kobo. Seplat Petroleum Development Company Plc followed with N3.00 kobo gain to close at N233.00 kobo from N230.00 kobo, Mobil Oil Nigeria with a gain of N2.50 kobo per share to close at N145.00 kobo from N142.50 kobo, Cadbury Nigeria with N1.14 kobo gain to close at N24.07 kobo and Guaranty Trust Bank Plc with N0.51 kobo per share to close at N24.01 kobo.
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