Domestic equities gain N110bn
The domestic equity market on Tuesday sustained growth profile, appreciating by N110 billion
Market capitalisation of listed equities increased by O.12 per cent to N92.031 trillion from N91.921 trillion it closed on Monday.
The NGX All Share Index also appreciated by 172.49 basis points to 144.995.26 points from 144822.77 points reported the previous day.
The growth trend during the day was driven by gains in small, medium and large cap stocks including VFP group Plc, Conhall Plc, Cornerstone Insurance among others.
The market breadth was positive with 38 advancers against 34 losers, bringing year to date return to 40.87 per cent.
An analysis of the investment showed that Cornerstone Insurance led gainers table with 9.92 per cent to close at N6.65 per unit, Conhall Plc followed with a gain of 9.52 per cent to close at N4.37 per share, Chams added 9.22 per cent to close at N4.62 per share, VFG group up by 9.17 per cent to close at N11.90 per unit, International General Insurance gained 8.82 per cent to close at N2.96 per share.
On the contrary, Living Trust Insurance topped losers chart, dropping by 10 per cent to close at N5.94 per unit, AustinLaz trailed with a loss of 9.74 per cent to close at N3.15 per share, Juli down by 9.60 per cent to close at N8.95 per share, Livestock’s dipped by 7.50 per cent to close at N7.40 per unit. Tantalizer dropped by 6.45 per cent to volume of trades declined by 12.514 million, representing 2.41 per cent as investors traded 507.407 million shares against 519.921 million recorded the previous day, value of transactions went by 67.01 per cent to settle at N24.287 billion in 30681 deals.
Access Holdings company led market activities with 45.861 million shares valued at N1.197 billion, EllahLakes followed with account of 39.488 million worth N594.310 million, Chams Plc traded 30.820 million cost N140.165 million, Sovereign Trust Insurance exchanged 27.789 million shares valued at N86.688 million while Aradel Plc sold a total of 22.576 million shares valued at N13.158 billion.
