Domestic equities sustain growth, gain N835bn
Transactions on the floor of Nigerian Exchange (NGX) on Tuesday sustained a growth trajectory, gaining N835 billion.
Market capitalisation of listed equities increased by 0.53 per cent to N156.943 trillion from N156.108 trillion reported the previous day.
The NGX All Share Index also appreciated by 1301.37 basis points to 244697.62 points against 243396.25 points reported the previous day.
Although the market breadth was negative with 34 decliners against 31 advancers gains recorded in the shares of Airtel Africa, FirstHoldco and 29 others lifted trading activities bringing year to date return to 57.09 per cent.
An analysis of the trading during the day showed Airtel Africa led gainers table with 10 per cent to close at N4021.20 per unit, International General Insurance followed with a gain of 9.90 per cent to close at N8.77 per unit, Abbey Building Society added 9.76 per cent to close at N11.25 per share, Infinity Saving gained 9.63 per cent to close at N10.25 per share while FirstHoldco increased by 8.49 per cent to close at N69.00 per unit.
On the contrary, LearnAfrica, TransExpress, Okomu oil depreciated by 10 per cent each to close at N9.45, N4.41 and N1575.00 respectively. Unilever Nigeria Plc and Nahco also gained 10 per cent each to close at N140.40 and N170.55 per unit respectively.
Volume of trades surged by 552,844 million, representing 77.09 per cent as investors traded 1.270 billion shares against 717.156 million shares recorded on Monday. Value of trades also went up by 2.15 per cent to settle at N57.878 billion.
Transactions in the shares in the shade of Sterling Bank led market activities with 715.662 million shares valued at N5.407 billion, GTCO Plc followed with account of 49.191 million shares cost N5.684 billion, FCMB group traded 34.391 million shares valued at N412.790 million, Veritas Kapital exchanged 29.107 million shares cost N48.035 million while Access Holdings Company sold a total of 27.318 million shares valued at N680.780 million.
