Equity Market Sustains Growth, Gains N618bn

The local equity market Tuesday crossed the N38 trillion mark, sustaining a bullish run to gain N618 billion. The trading result showed that gains recorded in the shares of Airtel Africa, Cadbury Nigeria Plc, UBA, FBNHoldings, FTNCocoa and others impacted positively on the market activities. Market capitalisation of listed equities appreciated by 1.65 per cent to N38.038 trillion from N37.420 trillion reported the previous day. The NGX All Share Index also appreciated by 1124.48 basis points to 69236.19 points from 68111.71 traded yesterday. An analysis of the investment showed that Airtel Africa led gainers table in percentage terms, increasing by 10 per cent to close at N1540.10 per unit, Cadbury Nigeria Plc followed with a gain of 9.92 per cent to close at N13.85 per share. Northern Nigeria Flour Mills also appreciated by 9.92 per cent to close at N19.95 per share, Chams Plc added 9.90 per cent to close at N2.22 per unit, ABC Transport added 9.92 per cent to close at N0.79 per share. On the contrary, Betaglass topped losers chart dropping by 9.93 per cent to close at N60.30 per share, UPL followed with a drop of 9.74 per cent to close at N2.12 per unit, EllahLakes fell by 5.56 per cent to close at N3.50 per share, Sovereign Insurance declined by 8.82 per cent to close at N0.31 per unit, Learn Africa down by 8.79 per cent to close at N3.01 per share. Volume of trades increased by 52.876 million, representing 12.29 per cent as investors traded traded 483.269 million shares valued at N6.044 billion in 8027 deals against 430.393 million shares valued at N8.257 billion exchanged hands the previous day in 7656 deals. Transactions in the shares of Japaul Gold led market activities with 155.594 million shares valued at N181.858 million, United Bank for Africa followed with account of 33.932 million shares worth N688.200 million, Zenith Bank traded 29.899 million shares cost N996.447 million, AccessCorp traded 27.435 million shares valued at N468.662 million while Chams Plc exchanged 22.516 million shares cost N4.806 million.

Nigeria’s local equities gain N262bn 

The local equity market on Monday opened the week on a positive note, gaining N262 billion following profits recorded by BUAFoods, Dangote Sugar, Livestock Feeds, Transnational Corporation of Nigeria among others. The market capitalisation of listed equities appreciated by 0.74 per cent to N35.684 trillion from N35.422 trillion reported the previous day. The NGX All Share Index (ASI) also appreciated by 481.32 basis points to 65202.41 points from 64721.09 points traded on Friday. An analysis of the investment showed that JohnHolt led gainers table with 9.66 per cent to close at N1.59 per unit, SCOA Plc followed with a gain of 9.40 per cent to close at N1.28 per unit BUAFoods added 9.29 per cent to close at N152.90 per share, Mansard added 6.85 per cent to close at N3.90 per unit, Livestock gained 6.82 per cent to close at N1.88 per share. On the contrary, Tantalizer recorded the highest loss in per cent age terms, shedding 10 per cent to close at N0.36 per share, Omatek trailed with a loss of 9.09 per cent to close at N0.30 per unit, Jaiz Bank fell by 7.78 per cent to close at N1.54 per unit, Chi Plc failed by 7.61 per cent to close at N0.85 per share, Cornerstone Insurance dipped by 6.15 per cent to close at N1.22 per unit. The volume of trades declined by 305.985 million, representing 56.91 per cent as investors traded 231.599 million shares valued at N3.992 billion in 5494 deals against 537.584 million shares worth N9.394 billion exchanged hands the previous day in 5893 deals. Transactions in the shares of Transnational Corporation of Nigeria (Transcorps) led market activities during the day with 36.837 million shares valued at N159.312 million, Universal insurance followed with account of 16.989 million shares cost N3.611 million, GTCO Plc traded 15.442 million shares worth N563.447 million, Jaiz Bank traded 14.464 million shares cost N22.895 million, Chi Plc exchanged 12.754 million shares valued at N10.690 million.