The domestic equity market on Friday dominated with bullish sentiments as investors’ wealth appreciated by N542 billion.
The market capitalisation of listed equities increased by 0.87 per cent to close at N62.851 trillion from N62.309 trillion reported the previous day
The NGX All Share Index also appreciated by 170.62 basis points to 102353.68 points from 102183.06 points recorded the previous day.
The positive performance recorded during the day was driven primarily by gain in the shares of Nigerian Breweries, Oando Plc, United Capital, FBNHoldings, Caverton Business Solutions and other firms which lifted market activities.
The trading during the day showed that 34 companies closed in positive direction against 22 firms that closed in red.
A review of the investment showed that three companies Livestock Feeds, Caverton Business Solutions and Sovereign Trust Insurance led gainers table with 10 per cent to close at N5.94, N2.20 and N1.10 per unit respectively.
Neimeth International Pharmaceutical followed with a gain of 9.94 per cent to close at N3.43 per shares, Royal Express added 9.98 per cent to close at N0.89 per shares.
On the contrary, Academy press topped losers chart dropping by 9.74 per cent to close at N3.15 per unit, PZ trailed with a gain of 9.09 per cent to close at N25.00, Daar Communications declined by 8.64 per cent to close at N0.74 per unit, Transnational Corporation of Nigeria exchanged 5.91 per cent to close at N46.95 per unit, Dangote Sugar dipped by 4.94 per cent to close at N38.50 per share.
The volume of transactions declined by 144.323 million, representing 30.57 per cent as investors traded 327.839 million shares valued at N11.807 billion in 11905 deals against 472.162 million shares costing N16.695 billion in 12336 deals.
Trading on the shares of AccessCorp led market activities with 49.134 million shares valued at N1.183 billion, Fidelity Bank followed with 20.396 million shares worth N358.981 million, United Bank for Africa exchanged 20.080 million shares valued at N681.012 million, Oando Plc traded 14.810 million shares cost N998.077 million, while Universal insurance sold a total of 13.809 million shares valued at N8.681 million