UBN Plc witnesses renewed bargain sentiments as speculative trading dominates market

The market price volatility continued to gain tempo as mid week market analysis suggests while market seesawed, recording two days negative postures before patronage towards heavy counters in Consumer Goods sector salvaged the downtrend.

Also, the sustained weak market breadth revealed the weak bargain posture while end of the quarter pressure appeared dictating the pace as we have envisaged in our recent sentiments analysis.

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270612 All-Share Index resumes uptrend; inches up by +1.06%

Trading activities on the Nigerian bourse closed with a positive outlook to erase previous losses due to renewed bargain activities witnessed during today’s session amid increased market turnover while the positive transaction observed in the share price of Dangote Cement Plc also contributed to the optimistic stance.

It was observed that UBN recorded an astronomical volume growth of 511000.44% with price appreciation of +4.92%, signifying institutional position as the stock traded 4.32bn units, representing 25.54% of the bank's outstanding shares, valued at N15.83billion.

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