Last 2 days of the trading week ended Friday March 29, 2019 turned out to be days to remember notably because they turned the table for the week. The first three days of the week had witnessed decreasing traded volume and shrinking market capitalisation but all of that changed in the 2 days. On Thursday, with record 1.703bn shares and 99.531m shares in Wema Bank and Chams Plc respectively, traded volume and value hit new highs of 1.918bn shares valued at N2.803bn. In the process, the All share index rose by modest 0.01% to 30,833.50. Come Friday, the market recorded strong price rallies that drove the ASI 0.67% up to 31,041.42 although, naturally unable to repeat volume feat of Thursday, only 266.861m shares worth N3.153m in 3455 deals were recorded. There were only 18 price drops and 16 gains but top gains were not only recorded by pace setting equities but also, their price change margin was on the high side. Top priced Nestle Nigeria led all gains with N82.1 or 5.48% leap to close a...
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