Domestic equities maintain growth trend, gains N534bn
The domestic equities market on Wednesday closed in positive trajectory, gaining N534 billion as gains in mid-cap and some heavyweight stocks impacted positively on the performance of the market.
This resulted in Market capitalisation of listed equities appreciating by 0.54 per cent to N99.376 trillion from N98.842 trillion reported the previous day.
The NGX All Share Index also increased by 578.31 basis points to 155613.03 points from 155034.72 traded on Tuesday.
The market breath remained on positive note with 47 advancers against 16 decliners bringing year to date return higher closing the year at 51.19 per cent.
But volume of trades declined by 3.454 billion, representing 281.04 per cent as investors traded 1.229 billion shares against 4.683 billion reported the previous day. Value of transactions also went down by 9.61 per cent to settle at N35.128 billion from N38.864 billion in 27884 deals.
An analysis of the investment showed that Alex Plc led gainers table with 9.90 per cent to close at N21.65 per unit, AustinLaz followed with a gain of N9.82 per cent to close at N4.25 per share, Meyer Paint added 9.75 per cent to close at N12.95 per unit, C&I Leasing gained 9.60 per cent to close at N6.85 per unit, Union Dicon grew by 9.52 per cent to close at N6.90 per share.
Conversely, Neimeth international Pharmaceutical topped losers’ chart, dropping by 9.37 per cent to close at N5.80 per share, Tantalizer trailed with a loss of 6.72 per cent to close at N2.50 per share, International Breweries dipped by 4.44 per cent to close at N14.00 per unit, NPF Micro Finance Bank down by 3.13 per cent to close at N3.71 per share.
Trading in the shares of Chams Plc led market activities with 710.280 million shares valued at N2.566 billion, Zenith Bank followed with account of 58.757 million shares valued at N1.216 billion, Access Holdings company traded 57.601 million shares cost N1.216 billion, FCMB group exchanged 44.061 million shares worth N516.331 million, Tantalizer sold a total of 39.940 million shares cost N100.047 million.
