NSE Daily Market Performance CommentaryMarket Stays Racy, Logs up 1329 Points :: 
Trading on the Nigerian Stock Exchange has sustained its racy upward tempo which is in its second week, with today's trading closing on a 1,329 points gain. The index was up a decent 2.20%, with market capitalisation rising by the same rate. The index, which has crossed into the 60,000 range, looks set to make a short work of that range, if the current tempo is sustained.
The clearly bullish mood of the market saw gains across the sectors, with some 106 stocks closing in the gains category. In contrast, only some 16 stocks recorded price losses. It's good to note that close to 80% of the gains were near the 5% limit. The day's winners that took full 5% gains were University Press, Nigerian Bottling Company, Nigerian Breweries, First Bank, Okomo Oil, Northern Nigeria Flour Mills, Capoil, Nigerian Flour Mills, 7Up and Eternaoil. See the full table for % gains here. Oil companies Chevron, Oando and AP led in absolute gains, picking gains of Though interest in insurance sector stocks remained sustained, Transcorp, which has seen growing volumes lately, led the volume (units) chart for the day. With its price down by over 60% from its high and indications that all hope is not lost for the company, taking position in the company would seem to have a moderated down-side risk. Six insurance companies - Mutual Benefits, Equity Assurance, Crusader, Sovereign Trust, NEM and Guinea Insurance - made the volume top 10, with Japaul, UBA and FCMB completing the list.
Actual spend was however led by banking stocks, with Dunlop and Neimeth
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