Domestic equities close in bullish run, gain N307bn

The nation’s equities market on Tuesday remained on a growth trajectory, appreciating by N307 billion as bull dominated trading activities for the day.

Market capitalization of listed equities increased by 0.19 per cent to N159.119 trillion from N158.812 trillion reported the previous day.

The NGX All Share Index also appreciated by 475.60 basis points to 246659.56 points from 246183.96 points it closed on Monday.

The market breadth was positive with 31 advancers against 20 decliners, bringing year to date return to 58.67 per cent.

The trading for the day showed that UPDReit led gainers table with 9.86 per cent to close at N11.70 per unit, Thomas way followed with a gain of 9.73 per cent to close at N3.72 per unit, Ikeja Hotel added 9.53 per cent to close at N46.55 per unit, TIP increased by 9.52 per cent to close at N33.95 per share, Neimeth International pharmaceutical added 9.47 per cent to close at N9.25 per unit.

On the contrary, Mecure Plc topped losers’ chart, dropping by 9.95 per cent to close at N76.95 per unit, HMCell trailed with a loss of 9.86 per cent to close at N3.29 per share, CMFC down by 9.85 per cent to close at N3.02 per share, Trans Express fell by 9.68 per cent to close at N2.80 per share. HoneyWell flour Nigeria Plc dipped by 5.04 per cent to close at N16.00.

An analysis of the investment showed that Volume of trades declined by 6.313 million, representing 0.74 per cent as investors traded 845.287 million shares against 851.630 million reported the previous day. Value of transactions went down by 7.29 per cent to N45.976 billion in 48997 deals.

Access Holdings Company led market activities with 331.132 million shares valued at N8.507 billion, FirstHoldco followed with account of 69.091 million shares cost N7.286 billion, FCMB group traded 43.796 million shares worth N485.591 million, Zenith Bank exchanged 35.905 million shares valued at N4.185 billion, UBA traded 31.992 million shares cost N1.525 billion