Equity market gains N21bn

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Transactions on the floor of Nigerian Exchange (NGX) on Thursday continued in a positive direction, appreciating by N21 billion following gains recorded by small and medium stocks.


Market capitalisation of listed equities appreciated by 0.07 per cent to N30.387 trillion from N30.366 trillion reported the previous day.


Also, the NGX All Share Index increased by 38.97 basis points to 55808.25 points from 55769.28 points reported on Wednesday.


The NGX trading activities showed that Conoil Plc led gainers table during the day, gaining 9.92 per cent to close at N63.70 per share, Sterling Bank followed with a gain of 9.76 per cent to close at N2.25 per unit, Eterna added 7.74 per cent to N8.45 per unit, Cornerstone Insurance increased by 8.97 per cent to close at N0.85 per share, Mutual Benefits grew by 8.33 per cent to close at N0.39 per share.

On the contrary, FTNCocoa topped losers chart in percentage terms, declining by 9.88 per cent to close at N0.73 per unit, Champion Breweries trailed with a loss of 9.62 per cent to close at N3.76 per unit, Mcnichols dipped by 9.21 per cent to close at N0.69 per share, Chams Plc down by 8.16 per cent to close at N0.45 per unit, Fidson healthcare declined by 6.93 per cent to close at N9.80 per share.

Volume of trades declined by 271.290 million representing 41.01 per cent as investors traded 390.219 million shares valued at N5.727 billion in 7725 deals against 661.509 million shares valued at N18.998 billion in 10024 deals.

Transactions in the shares of AccessCorp led activity chart with account of 51.310 million shares valued at N623.817 million, United Bank for Africa followed with 46.098 million shares cost N453.137 million, FTNCocoa exchanged 37.317 million shares valued at N29.672 million, Zenith Bank traded 37.155 million shares cost N1.090 billion while GTCO Plc traded 34.356 million shares cost N993.221 million.

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