Domestic equities sustain growth momentum, gains N2.093trn
The Nigerian equities market maintained its upward momentum on Thursday, gaining N2.093 trillion.
Market capitalisation of listed equities appreciated by 1.48 per cent to N143.477 trillion from N141.384 trillion reported on Wednesday.
The NGX All Share Index also went up by 3251.48 basis points to 222837.68 points from 219586.20 points recorded the previous day.
Although market breath was negative with 34 decliners against 31 gainers, strong liquidity, improving investor sentiment, and sustained interest in fundamentally sound stocks continued to drive the market higher, bringing year to date return to 43.20 per cent.
An analysis of the transactions during the day showed that Unilever Nigeria Plc and UACN led gainers table with 10 per cent each to close at N121.00 and N133.10 per unit respectfully.
TransExpress followed with a gain of 9.97 per cent to close at N8.71 per share, Tantalizer added 9.80 per cent to close at N3.81 per share, Dangote sugar grew by 9.78 per cent to close at N73.50 per unit.
On the contrary, Mcnichols topped losers chart, dropping by 9.93 per cent to close at N6.44 per unit, Multiverse trailed with a loss of 9.85 per cent to close at N23.35 per unit, Wapic Insurance down by 9.26 per cent to close at N2.45 per share, Abbey Building Society fell by 9.24 per cent to close at N5.40 per unit while JapaulGold declined by 5.94 per cent to close at N3.01 per unit.
Volume of trades declined by 15.747 million, representing 2.30 per cent as investors traded 667.937 million shares against 683.684 million shares traded the previous day. The value of transactions up by 5.41 per cent to N38.123 billion in 53062 deals.
AccessCorp recorded the highest trading during the day with 39.514 million shares valued at N1.249 billion, United Bank for Africa followed with 37.539 million shares cost N2.020 billion, Zenith Bank traded 36.341 million shares worth N4.835 billion, Fidelity Bank exchanged 32.127 million shares worth N700.758 million, GTCO Plc sold 27.614 million shares cost N3.634 billion.
