Market breadth also closed negative as Okomu Oil led 19 gainers against 28 losers topped by Unity Bank at the end of yesterday’s session- an unimproved performance when compared with previous outlook.
Market turnover however turned positive as volume moved up by 29.23 per cent against 7.71 per cent decline recorded in the previous session.
Transcorp, UBA and Ecobank Transnational Incorporation [ETI] were the most active to boost market turnover. ETI and Zenith Bank topped market value list.
Volume shockers included ETI which led the list of active stocks that recorded impressive volume spike at the end of yesterday’s session.
Meanwhile, the Consumer Price Index [CPI] has risen to 9.4 per cent in September 2015, driven by higher food and non-food divisions
The Consumer Price Index which measures inflation increased marginally to 9.4 per cent (year-on-year), from 9.3 per cent in August.
The faster pace in September was as a result of higher food and non-food divisions – alcoholic beverage, tobacco and kola; clothing and footwear; and housing, water, electricity, gas and other fuels divisions amongst others which contribute to the headline index.
The advances recorded by the “All Items less Farm Produce” or Core sub-index increased at a marginally slower pace in September relative to August.
The Core sub-index increased by 8.9 per cent in September (year-on-year), from nine per cent in August.
