Equity market appreciates 0.25%
The domestic equities market Wednesday sustained bullish momentum, gaining N245 billion as gains in medium and capitalised stocks impacted positively on the market.
Market capitalisation of listed equities appreciated by 0.25 per cent to N95.525 trillion from N95.280 trillion reported the previous day.
The NGX All Share Index also increased by 383.71 basis points to 149842.82 points from 149459.11 points traded on Wednesday.
Market breath was positive with 38 gainers against 23 decliners, bringing year to date return to 45.57 per cent.
Volume of trades went up by 4.899 billion, representing 477.49 per cent as investors traded 5.925 billion shares against 1.026 billion units of shares reported the previous day. Valued of transactions also soared by 2,415.93 per cent to settle at N216.194 billion against N8.593 billion in 25205 deals.
An analysis of the investment showed four companies led gainers table with 10 per cent at the closing trading on Wednesday.
Prestige insurance, FirstHoldco, Lasaco Insurance and Veritas Kapital gained 10 per cent each to close at N1.65, N39.60 per share, N2.75 and N1.76 per unit respectively. Mecure followed with a gain of 9.92 per cent to close at N50.40 per share.
Conversely, Living Trust Insurance topped losers’ chart, dropping by 10 per cent to close at N3.15 per share, International General Insurance trailed with a loss of 9.92 per cent to close at N2.27 per share, Mcnichols fell by 6.90 per cent to close at N2.97 per share, Omatek declined by 6.84 per cent to close at N1.09 per unit, Chams Plc dipped by 6.41 per cent to N2.92 per unit.
Ecobank Transnational incorporated led market activities with 5.249 billion shares valued at N168.658 billion, FirstHoldco followed with account of 108.145 million shares cost N4.213 billion, Sterling Bank traded 87.310 million shares cost N606.157 million, FCMB group exchanged 74.277 million shares valued at N783.564 million, Access Holdings company traded 41.507 million shares cost N841.359 million.
