Equity market gains N63bn

Domestic equity market Wednesday closed higher appreciating by N63 billion.

Market capitalisation of listed equities up by 0.17 per cent to N36.864 trillion from N36.801 trillion reported the previous day.

The NGX All Share Index also appreciated by 115.87 basis points to 67100.49 points from 66984.62 points traded on Tuesday.

The NGX trading result showed that Thomas Way led gainers table during the day, shedding 9.81 per cent to N2.35 per cent, Daar Communication followed with a gain of 9.52 per cent to close at N0.23 per unit, Cornerstones Insurance added 6.45 per cent to close at N1.65 per share, Transnational Corporation of Nigeria increased by 5.41 per cent to close at N6.43 per unit, Union Bank of Nigeria added 5.30 per cent to N6.95 per share.

On the contrary, Omatek topped losers chart, dropping 8.33 per cent to close at N0.44 per unit, Oando Plc trailed with a drop of 8.08 per cent to close at N9.10 per share, AfriPrudential a fell by 7.80 per cent to close at N6.50 per unit, Caverton Business Solutions dipped by 6.92 per cent to close at N1.48 per share, Chi Plc down by 6.25 per cent to close at N1.05 per share.

Volume of transactions increased as investors exchanged 410.320 million shares valued at N4.456 billion in 5637 deals against 257.423 million shares cost N7.799 Billion in 6498 deals.

Neimeth international Pharmaceutical led market activities with 163.200 million shares valued at N259.494 million, AccessCorp followed with account of 38.974 million shares cost N611.819 million, Zenith Bank traded 32.273 million shares cost N101.858 million Fidelity Bank exchanged 23.523 million shares cost N194.178 million while United Bank for Africa traded 19.822 million shares valued at N341.185 million.