Equity market appreciates by N28bn

The steady upward trend persisted on the floor of Nigerian Exchange, as the market appreciated by N28 billion.

 

Market capitalisation of listed equities increased by 0.05 per cent to N58.834 trillion from N58.806 trillion reported on Wednesday.

 

The NGX All Share Index also appreciated by 48.90 basis points to 104056.21 points from 104007.31 points recorded the previous day.

 

A review of the investment during the day showed that Royal Express led gainers table with 9.72 per cent to close at N0.79 per share, Unilever followed with a gain of 9.59 per cent to close at N16.00 per share, Tanterlizer added 8.57 per cent to close at N0.38 per unit, UDPC gained 7.14 per cent to close at N1.50 per share while Regal Insurance added 5.41 per cent to close at N0.39 per unit.

 

On the contrary International General Insurance recorded the highest loss, declining by 10 per cent to close at N1.35 per share, SUNU Assurance trailed with a drop of 9.93 per cent to close at N9.93 per share, International Breweries down by 9.91 per cent to close at N4.00, Conhall Plc dipped 9.40 per cent to close at N1.35 per unit, Unity Bank fell by 5.18 per cent to close at N1.83 per unit.

 

Volume of trades declined by 60.633 million, representing 18.55 per cent drop as investors traded 266.312 million shares valued at N7.408 billion in 5833 deals against 326.945 million shares cost N9.119 billion in 9570 deals.

 

Trading in the shares of FBNHoldings led market activities with 28.561 million shares valued at N993.167 million, Transcorps followed with account of 27.066 million shares cost N436.659 million, AccessCorp traded 25.273 million shares cost N602.124 million, GTCO Plc exchanged 13.856 million shares worth N609.879 million while Zenith Bank traded 132.290 million shares valued at N511.495 million.

 

The trading result further showed that Nestle Nigeria Plc led market in value term, executing stocks worth N1.002 billion, followed by FBNHoldings with N993.167 million while TransPower traded stocks valued at N978.071 million.

   

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