Market dey shine small small as traders sabi play their card well

My people, make I yarn you wetin happen for Nigerian Exchange Limited wey dey make dem dey smile today. As e stand now, dem close for positive side wey go make market capitalisation rise by N6.88bn. E no be small matter oh!

As per wetin dem talk, total market capitalisation don rise to N106.44tn from last week wey be N106.43tn. E mean say people dey buy and sell wella, but no too much bragging as All-Share Index just climb small by 10.77 points to land for 166,267.60.

Trading activity no too bad as 822.73 million shares change hand, wey dem value N24.93bn. Na him dey show say trading volume don increase by 3 percent, while turnover don jump by 25 percent. Though, deals reduce by 4 percent compared to wetin happen last market day. E be like say na competition go dey abound!

For market, good vibes dey everywhere. Gainers dey pass losers as 54 wey don see better fine-grain rise, while 24 people dey cry for losses. NCR Nigeria dey lead the gainers side, e don rise by 10 percent to close for N171.05 per share. Dem follow am McNichols Plc and RT Briscoe Plc wey also gain 10 percent each.

But make we no forget the people wey no collect joy today. UPDC Real Estate Investment Trust dey suffer dey lose 9.68 percent to end for N8.40. Next nah Champion Breweries wey drop by 9.31 percent to N19.00. Secure Electronic Technology no fit run well as e drop 6.78 percent to N1.10.

Zichis Agro Allied Industries pin down say na dem dey carry the highest volume for trading today, as dem record 69.22 million shares. This one dey follow Secure Electronic Technology wey dey hold 54.80 million shares. E also dey happen say Stanbic IBTC Holdings be the top player for value, as dem deals worth N2.78bn. Zenith Bank no gree slack as dem follow closely with N2.74bn value.

Analysts dey talk say market dey show little growth because people still dey show interest for some banking and consumer stocks. Dem say na this kind good vibes fit return confidence for investors back. E mean say if dem fit hold on to wetin strong, e fit lead to beta outcome as time dey go, provided say macroeconomic condition do well.