Equity market appreciates by 0.85%
Domestic equity market on Thursday returned to bullish run, appreciating by N467 billion as gain in the shares of Airtel Africa, Nigerian Breweries, Sterling Bank, International General Insurance lifted market activities.
Market capitalisation of listed equity appreciated by 0.85 per cent to N55.525 trillion from N55.058 trillion reported the previous day.
The NGX All Share Index also went up by 813.29 basis points to 98156.71 points from 97343.42 points traded on Wednesday.
As a result year to date return rose to 31.27 points even as the NGX printed more decliners of from 24 companies against 14 gainers.
A review of the investment during the day showed that Guinea Insurance and Royal Exchange led gainers table with 10 per cent to close at N0.33 and N0.55 per unit respectively. Airtel Africa followed with 8.97 per cent to close at N2150.00, International General Insurance gained 7.84 per cent to close at N1.65 per unit, Prestige insurance added 5.88 per cent to close at N0.54 per unit.
On the contrary, Eterna Plc topped losers chart, dropping by 9.89 per cent to close at N12.30 per unit, FCMB group trailed with a loss of 8.28 per cent to close at N6.65 per unit, Omatek fell by 6.94 per cent to close at N0.67 per share, Unity Bank down by 5.88 per cent to close at N1.60 per share, FBNHoldings depreciated by 5.36 per cent to close at N22.95 per share.
Volume of transactions increased by 54.212 million , representing 15.25 per cent as investors traded 409.766 million shares valued at N8.925 billion in 7296 deals against 355.554 million shares cost N7.142 billion in 7333 deals.
Transactions in the shares of Custodian led market activities with 115.583 million shares valued at N1.384 billion, Nigerian Breweries followed with account of 83.746 million shares worth N1.926 billion, United Bank for Africa exchanged 26.064 million shares cost N560.540 million, AccessCorp exchanged 24.184 million shares valued at N409.798 million while GTCO Plc traded 22.929 million shares cost N946.858 million.
