DAY OF THE LIGHTWEIGHTS AT NSE FEB 10.

It was day of the lightweight equities at the Nigerian stock market today February 10 as top market capitalisation equities either closed firm or moved only marginally in different directions.

In the weighty premium sector of the market, mighty Dangote cement closed firm as it recorded small parcel deals; less weighty FBN Holdings lost only 0.63% to record 197 deals for 5,703,446 units at N3.13 per share.

On the other hand. abit weightier Zenith international closed 2.93% up for 211 deals involving 13,774,860 shares.

In the end. Premium index ended the day 0.38% up.

Similarly scenario played out in banking although more decisively on the positive side leading to a major 1.49% increase in banking index to 277.38.

Amongst the banks 8 closed with gains compared with 5 losers. Access bank led this pack with 4.99% followed by newly quoted Jaiz bank (up 4.8%).

This positive shift for banking index was however countered by also striking 1.37% drop in consumer goods index to 596.66.

In the end lightweights like New rest Air service led day gainers with impressive 9.6% rise but not so impressive when it was considered that it came to only N0.24 per share.

Beta Glass which gained 4.96% of opening price rose more in Naira terms (day high N1.57 per share.)

On the losers side, lightweight UACN Property led 4.55% down but top Naira loss was by more weighty Nigerian Breweries which lost N3.73 per share or 2.9%.

It was because lightweights had a field day that for once gainers outnumbered losers Two to one yet All shares index just managed to increase by 0.07% to 25340.02 from yesterday: s new low.

There was 23.7% increase in deals sealed to 2604 but volume decreased by 2.63% to 201,727,297 units.

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