The Nigerian equities market closed positive at the end of trading today. It advanced by 0.80%, to settle the Ytd (year-to-date) return at -3.38%. There were twenty-three (23) gainers and twelve (12) losers, bringing the market breadth to 1.92x
FIDSON and NPFMCRFBK were the top gainers for the day, advancing by 9.09%, to close at NGN1.20 and NGN1.44 respectively. FBNH (+5.36%), PRESCO (+5.00%) and ETERNA (+4.95%) also featured on the top gainers’ list. On the flip side, UACN (-4.98%) topped the losers’ chart, to close at NGN13.75, whilst JAIZBANK (-4.35%) FO (-4.23%), AIICO (-3.77%) and FCMB (-3.12%) also recorded declines.
The NSEBNK10, NSEOILG5, NSEFBT10 and NSEINS10 indices recorded respective advancements of 1.50%, 1.18%, 0.85% and 0.02% at the close of trading today. The NSEIND index, however, declined by 0.01%.
ETERNA, VITAFOAM and UNITYBNK released their Q1:2017 results today. ETERNA and VITAFOAM recorded growths in revenue, Profit-Before-Tax and Profit-After-Tax, whilst UNITYBNK recorded declines in its top and bottomline.
The gain recorded today can be attributed to the renewed investor sentiments witnessed in the market from last week, coupled with some impressive Q1:2017 earnings releases which drove the positive reactions.


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