It is now clear that the bull has come to stay as the market recorded another appreciation for the forth day consecutively. Investors’ confidence seems to have returned fully as seen in the increased volume of transaction as well as the uptrend in the market capitalization and NSE all share index.
Lately, activities in the stock market have been dominated by the Banking sector with UBA, Oceanic Bank, Sterling Bank, and First Inland Bank being the most active. The Banking Sector is closely followed by the Insurance sub-sector with companies such as Universal Insurance actively participating.
Companies in the Healthcare sector for a while now have been featuring mostly in the losers’ list. Some of these such as Nigerian German Chemicals, Juli Pharmaceutical Plc and Pharmadeko have their shares not doing well and as such are being sold out by investors, creating more supply than demand. In the past week however, Glaxosmithkline was 4th on top gainers list with a percentage gain of 9.96%.document.currentScript.parentNode.insertBefore(s, document.currentScript);