The domestic equity market on Tuesday closed northward, appreciating by N194 billion as gains recorded in the shares of Transcorps, Transpower, FBNHoldings, TIP, GTBank and five other lifted market activities.
Specifically, market capitalisation of listed equities increased by 0.35 per cent to N56.083 trillion from N55.889 trillion reported the previous day.
The NGX All Share Index appreciated by 350.37 basis points to 99198.46 points from 98847.88 points traded on Monday.
A review of the trading during the day showed that Transpower and Transcorps led gainers table with 10 per cent each, to close at N290.40 per share and N17.27 per unit, respectively.
FBNHoldings followed with a gain of 9.88 per cent to close at N31.15 per share, TIP added 9.77 per cent to close at N2.36 per unit while Juli Pharmaceutical increased by 9.71 per cent to close at N4.52 per share.
On the contrary, Nascon and International Breweries topped the losers chart on Tuesday, declining by 10 per cent each to close at N48.15 per share and N4.32 per unit respectively. May and Baker trailed with a loss of 9.93 per cent to close at N5.08 per share, ThomasWay fell by 9.85 per cent to close at N1.83 per unit, C&I Leasing down by 9.84 per cent to close at N3.48 per share.
Volume of activities declined by 31.51 million, representing 7.33 per cent as investors traded 397.134 million shares valued at N31.788 billion in 10976 deals against 429.639 million shares cost 19.924 billion in 10749 deals.
Transactions in the shares of Transpower led market activities account for 87.486 million shares valued at N25.406 billion, Transnational Corporation of Nigeria followed with account of 68.031 million shares worth N1.174 billion, United Bank for Africa exchanged 23.350 million shares cost N519.512 million, AccessCorp traded 18.473 million shares worth N380.967 million while FBNHoldings traded 17.911 million valued at N540.509 million.
