MARKET UPDATE – Wednesday, 1 November, 2017

The Nigerian equity market maintained an upward trend as the index opened the month higher. The All Share Index (ASI) appreciated by 0.56% to close at 36,887.2 points while the market capitalization closed at N12.77 trillion. The market recorded 23 gainers and 21 losers.

FBN Holdings (40.09mn) Sterling Bank (31.96mn) Diamond Bank (26.03mn) were the most actively traded stocks. The total volume of stocks traded was 249.35 million in 4,119 deals and the value of stocks traded was N5.2bn, up by 70.36% from N3.05bn recorded at the previous trading day.

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