Bulls dominate as domestic equities gains N259bn
The nation’s equity market on Tuesday sustained growth profile, appreciating by N259 billion as bulls dominated trading during the day.
Market capitalization of listed equities increased by 0.36 per cent to N70.894 trillion from N70.635 trillion reported the previous day.
The NGX All Share Index also appreciated by 411.53 basis points to 112427.48 points from 112015.95 points traded on Monday.
A review of the investment during the day showed that three companies Scoa Plc, HoneyWell Flour Mills, and SFSReit led gainers table with 10 per cent to close at N5.39, N22.00 and N226.60 per unit respectively. IMG followed with a gain of 9.98 per cent to close at N37.00 per share, International General Insurance gained 9.82 per cent to close at N1.79 per unit.
On the contrary, Conoil Plc topped losers’ chart, dropping by 10 per cent to close at N268.30 per share. LearnAfrica trailed with a loss of 9.98 per cent to close at N3.88 per unit, TranscoHotel down by 9.97 per cent to close at N132.80 per unit, Julius Berger dropped by 9.94 per cent to close at N120.50 per unit, Chellaram dipped by 9.92 per cent to close at N9.53 per unit.
Volume of trades during the day 104.685 million representing 20.21 per cent as investors traded 622.635 million shares valued at N16.273 billion in 17044 deals
against 517.950 million shares worth N10.070 billion exchanged hands the previous day in 17.019 deals.
Trading in the shares of Fidelity Bank led market activities with 108.171 million shares valued at N2.054 billion, Legend International followed with account of 60.952 million shares cost N344.354 million, United Bank for Africa exchanged 55.738 million shares valued at N1.925 billion, GTCO Plc traded 41.225 million shares valued at N2.803 billion, Access Holdings company exchanged 34.514 million shares cost N754.432 million.
