NASD OTC Market Cap changes direction Up North.....
The Equities market traded bullish today as most of the stocks gave in to buy-pressure from investors. Consequently, the Market Cap gained N14bn to close at N536bn in 9 deals.
While today's activity levels logged a significant fall in the total volume of stocks and value traded; the figures recorded were 9,800 units and N1,150,434.00 respectively.
Out of the 9 deals consummated, ARM Properties led the losers table loosing (-3.87%) 0.12k to close at N2.98 while Resourcery Plc. lost (-1.89%) N0.01k to close at N0.52k.
Friesland Campina WAMCO which traded in a single deal also led the gainers table gaining (+4.91%) N14.00 to close at N285.00.
CSCS Plc, Food Concept Plc, Cappa and D'Alberto maintained their previous trading price of N6.00, 0.85k and N80.00 respectively.
Clearly, momentum remains even as we reiterate that much of this impact will likely be transient, as long term fundamentals for Nigerian equities remain strong -- a scenario we believe favors long term equity play.
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