Equity market gains N329bn

Domestic equity market  Thursday sustained bullish trend, appreciating by N329 billion.
Market capitalisation of listed equities increased by 0.58 per cent to N56.961 trillion from N56.632 trillion reported the previous day.
The NGX All Share Index also appreciated by 601.72 basis points to 104100.00 points from 103498.28 points.
Volume of activities declined by 142.372 million, indicating a surge of 33.35 as investors traded 284.489 million shares valued at N6.913 billion in 8168 deals against 426.861 million shares worth N12.106 billion in 8654 deals.
A review of trading activities during the day showed that UPL led gainers table  with 9.96 per cent to close at N2.87 per unit, Juli Pharmaceutical followed with a gain of 9.84 per cent to close at N1.34 per unit, Mutual Benefits gained 9.38 per cent to close at N0.70 per unit, Daar Communications increased by 8.82 per cent to close at N0.74 per share while Honey Well Flour added 7.50 per cent to close at N4.30 per share.
On the contrary, Unilever Nigeria Plc topped losers chart, dropping by 9.80 per cent to close at N16.10 per unit, Julius Berger trailed with a loss of 9.64 per cent close at N50.60 per unit, Morrison fell by 9.60 per cent to close at N2.73 per share, May and Baker down by 9.52 per cent to close at N6.45 per share, Nascon declined by 5.37 per cent to close at N59.05 per share.
GTCO Plc was toast of investors exchanging 56.605 million shares valued at N2.215 billion , Transcorps followed with account of 33.174 million shares cost N418.311 million, United Bank for Africa exchanged 18.375 million shares cost N452.958 million, Nigerian Breweries traded 16.764 million shares worth N11.475 million. Mansard Insurance traded 12.512 million shares cost N75.574 million.

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