InvestmentOne reports that market breadth index was positive with 27 gainers compared to 20 stocks that declined.

Publishing firm, Learn Africa Plc with a gain of +9.92 percent emerged the topmost gainer, while Med-View Airline Plc with a loss of -9.76 percent led the losers’ chart.

According to InvestmentOne, top tier lender, Zenith Bank Plc with a gain of +0.68 percent was the most actively traded with about 37 million units of shares worth N807 million.

In terms of sector performance, the report says that the Nigerian Stock Exchange (NSE) Banking index gained 0.65 percent, largely driven by the advancements in the shares of Access Bank Plc and Unity Bank Plc; both appreciated +6.19 percent and +3.45 percent each, FBN Holdings Plc and Guaranty Trust Bank Plc are both up +2.70 percent and +1.82 percent respectively, while Zenith Bank Plc gained by  +0.68 percent. 

The NSE Oil & Gas index closed up by 0.13 percent, majorly due to the buy interest in the shares of oil marketing major, Oando Plc which gained +1.06 percent.

The update says the NSE Consumer Goods index climbed up by 0.01 percent, on the back of the gains in the shares of oil marketing major, Honeywell Flour Mills Plc and brewer, Champion Breweries Plc up +4.88 percent and +2.58 percent apiece.

On the flip-side, the NSE Industrial index lost 0.97 percent, following the declines in the shares of cement producers, Cement Company of Northern Nigeria Plc and Lafarge Cement Wapco Nigeria Plc; both declined -4.00 percent and -0.40 percent each.

“The equities market closed up today majorly due to the gains across most sectors. Despite the sell-off in the equities market in 2018, we believe this presents decent entry opportunities in our quality names,” the InvestmentOne update affirmed.