The nation’s equity market on Wednesday sustains growth profile, gaining N88 billion following buying interest in Zenith Bank, Fidelity Bank, GTCO Plc, AccessCorp among others
Market capitalisation of listed equities increased by 0.31 per cent to N28.630 trillion from N28.542 trillion reported the previous day.
The NGX All Share Index also appreciated by 161.53 basis points to 52580.86 points from 52419.33 points traded on Tuesday.
The uptrend was impacted by gains recorded in medium- and large-capitalized stocks, amongst which are Nigerian Breweries, MRS and others.
A review of the Investment showed that MRS led gainers table during the day, gaining 9.93 per cent to close at N37.10 per share, Nigeria Breweries followed with a gain of 9.63 per cent to close at N38.70 per unit, Cornerstone up by 9.46 per cent to close at N0.81 per unit, FTNCocoa gained 8.82 per cent to close at N0.37 per unit, Royal Exchange grew by 8.33 per cent to close at N0.52 per share.
On the contrary Chi Plc topped losers chart during the day, declining by 7.69 per cent to close at N0.60 per share, Sovereign Trust Insurance trailed with a loss of 6.52 per cent to close at N0.43 per cent, Transnational Corporation of Nigeria fell by 5.23 per cent to close at N2.90 while Caverton down by 4.76 per cent to close at N1.00 per share, Wapic Insurance declined by 4.44 per cent to close at N0.43 per unit.
Volume of trades increased by 103.945 million representing 18.02 per cent as as investors traded 680.796 million shares valued at N7.892 billion in 6666 deals against 576.851 million shares valued at N6.789 billion in 6143 deals.
