Equity market gains N411bn
The local equities market on Tuesday sustained growth trend, appreciating by N411 billion as bulls continue to dominating trading activities.
Market Capitalisation of listed equities up by 0.42 per cent to N98.843 trillion from N98.432 trillion reported the previous day.
The NGX All Share Index also appreciated by 645.19 basis points to 155034.72 points from 154389.53 points traded on Monday.
The market rally was driven by gains in the shares of Julius Berger, Eunisell Plc, Zenith Bank, FCMB group, Access Bank, Wema Bank among others.
The market breath was positive with 46 advancers against 24 decliners, bringing year to date return to 50.60 per cent.
Volume of trades went up by 3.217 billion representing 219.14 per cent as investors traded 4.683 billion units of shares against 1.466 billion reported the previous day. Value of transactions also grew by 10.12 per cent to settle at N35.292 billion.
An analysis of the trading for the day showed that Honey Well Flour, Julius Berger and Guinea Insurance led gainers table with 10 per cent each to close at N21.45 per cent, N152.90 and N1.32 per cent respectively. AustinLaz followed with a gain of 9.94 per cent to close at N3.87 per share, Multiverse added 9.88 per cent to close at N13.35 per unit.
On the contrary, Living Trust and Union Dicon topped losers’ chart, dropping by 10 per cent each to close at N3.42 and N6.30 per unit, FirstHoldco trailed with a drop of 9.94 per cent to close at N44.40 er share, Veritas Kapital down by 7.47 per cent to close at N1.61 per share, Mutual Benefits declined by 7.46 per cent to close at N3.10 per share.
Transactions in the shares of cornerstone insurance led market activities with 3.670 billion shares valued at N18.534 billion, FCMB group followed with account of 302.351 million shares cost N3.325 billion, Wema Bank traded 97.390 million shares worth N1.865 billion, Access Holdings company exchanged 75.071 million shares worth N1.634 billion while Chams Plc traded 47.538 million shares cost N169.483 million.
