Equity market closes higher, gains N779bn
Transactions on the floor of Nigerian Exchange (NGX) on Thursday returned to bullish note, appreciating by N779 billion as gains in small, medium and large stocks lifted trading for the day
This resulted in market capitalisation of listed equities increasing by 0.41 per cent to N164.973 trillion from N164.194 trillion reported the previous day.
The NGX All Share Index also appreciated by 1199.24 basis points to 254084.02 million from 252882.78 points recorded the previous day.
The positive performance in the shares of Dangote Cement, ETI and other small stocks such as Zichis , Mcnichols, FTG Insurance contributed to the growth of the market during the day
An analysis of the investment showed that Etranzact led the gainers table, appreciating by 10 per cent to close at N17.60 per unit, Sovereign Trust Insurance followed with a gain of 9.60 per cent to close at N2.17 per share. FTG Insurance added 9.38 per cent to close at N1.75 per unit, Mcnichols gained 9.38 per cent to close at N5.35 per share, Zichis Agro Allied industries increased by 8.24 per cent to close at N18.40 per share.
On the contrary, FirstHoldco topped losers chart, dropping by 10 per cent to close at N125.55 per unit, Livestock Feeds trailed with a loss of 9.70 per cent to close at N12.10 per unit, Tantalizer dipped by 8.40 per cent to close at N3.60 per unit, C&I Leasing dropped by 7.41 per cent to close at N5.00 per unit while Regal Insurance depreciated by 7.35 per cent to close at N0.63 per share.
Volume of trades up by 250.17 million, representing 61.91 per cent as investors traded 654.28 million shares against 404.11 million shares recorded the previous day. Value of shares traded up by 105.51 per cent to settle at N57.36 billion in 35820 deals.
Trading in the shares of FirstHoldco led market activities with 343.892 million shares valued at N34.776 billion, GTCO followed with 40.568 million shares cost N4.905 billion, UBA Plc traded 26.378 million shares worth N1.129 billion, Regal Insurance exchanged 20.513 million shares valued at N12.992 million while Access Holdings Company sold a total of 14.090 million shares valued at N404.392 million.
