Equity Market Continues Bullish Run, Gains N266bn

The local equity market Tuesday sustained its bullish run, gaining N266 billion, following gains recorded by BUAfoods, Transcorp Hotel, Berger Paint, Oando, Fidelity Bank among oth Market capitalisation of listed equities increased by 0.71 per cent to N37.413 trillion from N37.147 trillion reported the previous day. The NGX All Share Index also appreciated by 482.05 basis points to 68359.22 points from 67877.17 points traded the previous day. An analysis of the investment showed that Ellah Lakes led gainers table, gaining 10 per cent to close at N3.65 per share, Berger Paint followed with a gain of 9.95 per cent to close at N11.60 per share, ETranzact gained 9.93 per cent to close at N8.08 per share, Chams Plc added 9.92 per cent to close at N1.33 per unit, Oando Plc increased by 9.92 per cent to close at N13.30 per unit. On the contrary, NSL Tech and SCOA Plc topped losers chart, dropping by 10 per cent each to close at N0.27 per share and N1.26 per share respectively, Multiverse trailed with a loss of 9.93 per cent to close at N2.27 per unit, Cornerstones fell by 8.76 per cent to close at N1.25 per unit while Daar Communication fell by 8.70 per cent to close at N0.21 per unit. Volume of activities increased by 161.450 million, representing 31.33 per cent as investors traded 676.736 million shares valued at N5.893 billion in 7659 deals against 515.280 million shares valued at N8.925 billion in 8357 deals. Transactions in the shares of Universal insurance led market activities with account 235.152 million shares valued at N48.167 million, United Bank for Africa followed with 69.101 million shares cost N122.690 million, Transnational Corporation of Nigeria traded 41.572 million shares worth N274.177 million, Fidelity Bank traded 34.639 million shares worth N278.184 million, Chams Plc sold a total of 29.959 million shares cost N39.790 million.

Equity market sustains bullish run, gains N158bn

Trading activities on the floor of Nigerian Exchange (NGX) Tuesday sustained an upward trajectory as the market appreciated by N158 billion. The market capitalisation of listed equities increased by 0.44 per cent to N35.842 trillion from N35.684 trillion reported the previous day. The NGX All Share Index also appreciated 286.26 basis points to 65488.67 points from 65202.41 points traded on Monday. Investors’ attention during the day were directed towards shares of Transnational Corporation of Nigeria (Transcorp), AccessCorp, and Fidelity Bank, ETI and others. An analysis of the investment showed that Cornerstones Insurance led gainers table with 9.84 per cent to N1.34 per unit, CWG followed with a gain of 9.74 per cent to close at N4.28 per unit, SCOA added 9.38 per cent to close at N1.40 per unit, ABC Transport increased by 8.33 per cent to close at N0.52 per unit. BUAFoods added 7.91 per cent to close at N165 per share. On the contrary, Nigerian Breweries, SUNU Assurance and Chellaram Plc recorded the highest loss during the day in percentage terms, declining by 10 per cent to close at N38.25, N0.72 and N3.96 per share respectively. John Holt trailed with a drop of 8.81 per cent to close at N1.45 per unit while Mutual Benefits dipped 6.82 per cent to close at N0.41 per share. The volume of trades increased by 61.864 million representing  26.71 per cent as investors traded 293.463 million shares valued at N4.122 billion in 5895 deals against 231.599 million shares worth N3.992 billion exchanged hands the previous day in 5494 deals. Transactions on the shares of Transnational Corporation of Nigeria (Transcorp) led market activities during the day with 41.441 million shares valued at N185.042 million, AccessCorp followed with account of 36.158 million shares worth N616.420 million, Fidelity Bank traded 32.105 million shares valued at N229.733 million, Omatek exchanged 15.006 million shares cost N4.293 million while Ecobank Transnational Corporate sold a total of 13.200 million shares valued at N208.479 million.

Local equities continue trajectory, gain N580bn

The local equity market, on Tuesday sustained its bullish run, appreciating by N580 billion as it continued to exhibit a positive outlook towards medium and prominent stocks. The market capitalisation of listed equities appreciated by 1.65 percent to N35.757 trillion from N35.177 trillion reported the previous day. The NGX All Share Index also increased by 1065.60 basis points to 65669.29 points from 64603.69 points traded the previous day. The NGX trading result for the day showed that five listed companies recorded price appreciation of 10 percent at the close of transactions on Tuesday. FTNCocoa, Chellaram Plc, and Sovereign Trust Insurance gained 10 percent to close at N3.85 per share, N1.76, and N0.55 per unit respectively while Omatek and Transco Hotel also appreciated by 10 percent to close respectively at N0.66 and N39.50 per unit. On the contrary, Chi Plc led the losers’ chart in percentage terms dropping 10 percent to close at N1.17 per share, Champion Breweries trailed with a drop of 9.89 percent to close at N3.92 per unit, Mcnichols declined by 9.33 percent to N0.68 per share, PZ Cusson down by 9.32 percent to N19.95 per unit, UPDC REIT dipped by 9.21 percent to close at N3.45 per unit. The volume of trades increased by 994.285 million, representing 54.07 percent as investors exchanged 844.715 million shares valued at N9.412 billion in 8922 deals against 1.839 billion worth N22.033 billion in 14584 deals. Transactions in the share of Chams Plc led the market activity during the day with 91.710 million shares valued at N117.148 million, FCMB group followed with account 78.678 million shares worth N551.898 million, Universal Insurance traded 75.008 million shares worth N22.953 million, United Bank for Africa traded 55.110 million shares cost N795.321 million while Transnational Corporation of Nigeria exchanged 51.162 million shares valued at N245.139 million.