Bulls return as equity market gains N74bn

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Trading activities on the floor of Nigerian Exchange (NGX) on Thursday returned to bullish trend, gaining N74 billion, as gain recorded by United Bank for Africa , Zenith, Transcorps and others lifted market activities.

Market capitalisation of listed equities appreciated by 0.13 per cent to N59.021 trillion from N58.947 trillion it closed on Wednesday.

The NGX All Share Index also increased by 130.66 basis points to 104387.47 points from 104256.81 point traded the previous day.

An analysis of the Investment showed that Juli Pharmaceutical led gainers table with 10 per cent to close at N7.15 per unit, Transnational Corporation of Nigeria followed with a gain of 9.96 per cent to close at N14.90 per unit, International General Insurance gained 9.66 per cent to close at N1.59 per shares, Entrazact added 9.65 per cent to close at N6.25 per unit, Guinea Insurance added 8.33 per cent to close at N0.39 per share.

On the contrary, Deap Capital recorded the highest loss, declining by 10 per cent to close at N0.63 per share, Tourist trailed with a drop of 9.86 per cent to close at N2.56 per unit, CWG fell by 9.09 per cent to close at N5.50 per share, Caverton Business Solutions down by 8.57 per cent to close at N1.60 per share while Omatek dipped by 8.05 per cent to close at N0.80 per cent.