Domestic equity sustains bullish trend, gains N273bn

The domestic equity market on Wednesday continued trading on a positive note, with the bulls at the driver’s seat.

The NGX All Share Index also appreciated by 842.87 basis points to 104007.31 points from 103524.44 points reported the previous day

Market capitalisation of listed equities also rose by N273 billion or 0.47 per cent to N58.806 trillion from N58.533 trillion it closed on Tuesday.

The recorded in the shares of GTCO Plc, MTN Nigeria,Nascon Transpower, Zenith UBA and others help to lift market activities during the day.

As a result year to date return went up to 39.10 per cent as NGX printed 32 gainers against 23 losers.

A breakdown on the transactions showed that Julius Berger and Ecobank Transnational Incorporated led gainers table during the day, increasing by 10 per cent each to close at N67.10 per share and N22.00 per share respectively.

NEM Insurance followed with a gain of 9.92 per cent to close at N6.65 per unit, RTBriscoe added 8.89 per cent to close at N0.49 per share, Deap Capital up by 8.70 per cent to close at N0.75 per unit.

On the contrary, Skyways Aviation Holding Company Plc led gainers table in percentage terms with 10 per cent to close at N22.95 per share, SUNU Assurance trailed with a loss of 9.62 per cent to close at N1.41 per unit, May and Baker down by 5.90 per cent to close at N5.10 per share, Lasaco Insurance fell by 5.66 per cent to close at N2.00 while Japaul Gold dipped by 4.35 per cent to close at N2.20 per unit.