Local equity crosses N40 trillion mark, gains N599bn in one day
The local equity market Wednesday crossed the N40 trillion mark, appreciating by N599 billion as gains recorded in the shares of Airtel Africa, Buafoods, Northern Nigeria Flour Mills, Transcorps, Presco, Wapco among others lifted market activities during the day.
Market capitalisation of listed equities increased by N599 billion or 1.51 per cent to N40.164 trillion from N39.656 trillion reported the previous day.
The NGX All Share Index also appreciated by 927.61 basis points to 73397.71 points from 72470.10 points reported on Tuesday.
An analysis of the investment showed that Multiverse, Transnational Corporation of Nigeria led gainers table in percentage terms, appreciating 10 per cent each to close at N11.55 and N7.70 per share respectively.
Infinity Savings followed with 9.97 per cent to close at N3.75 per unit, Entranzact gained 9.73 per cent to close at N6.75 per unit, Caverton Business Solutions added 9.66 per cent to close at N1.93 per share.
On the contrary, Tantalizer topped losers chart during the day, declining by 10 per cent to close at N0.45 per unit, Thomas Way trailed with a loss of 9.86 per cent to close at N0.45 per unit, TIP Plc dipped by 9.32 per cent to close at N1.07 per share, Thomas Way fell by 9.86 per cent to close at N1.07 per share, Juli Pharmaceutical down by 9.23 per cent to close at N0.59 per unit while Chams Plc dipped by 9.05 per cent to Close at N1.81 per share.
Volume of transactions also grew by 143.431 million shares, representing 34.88 per cent as investors traded 554.644 million shares valued at N12.829 billion in 7910 deals against 411.213 million shares cost N6.948 billion exchanged hands the previous day in 6870 deals.
Transactions in the shares of GTCO Plc led market activities with 89.454 million shares valued at N3.578 billion, AccessCorp followed with account of 59.714 million shares worth N1.366 billion, Transcorps sold a total of 51.959 million shares cost N374.570 million,FCMB group exchanged 29.400 million shares cost N211.977 million while United Bank for Africa exchanged 24.829 million shares cost N625.894 million.
