Equity market closes bullish, gains N227bn

Transactions on the floor of Nigerian Exchange (NGX) closed in an upward trend, growing by N227 billion.

Market capitalisation of listed equities up by 0.40 per cent to N56.310 trillion from N56.083 trillion it closed on Tuesday.

The NGX All Share Index also appreciated by 393.18 basis points to 99591.64 points from 99198.46 points it closed the previous day.

The year to date return stood at 33.19 per cent as NGX printed 39 losers against 19 gainers 

The trading result for the day showed that 

Transpower led gainers table with 9.99 per cent to close at N319.40 per share, Transnational Corporation of Nigeria followed with 9.96 per cent to close at N18.99 per unit, FBNHoldings added 9.95 per cent to close at  N34.25 per unit, Africa Prudential gained 9.49 per cent to close at N7.50 per share, C& I Leasing added 9.48 per cent to close at N3.81 per share.

On the contrary, Tantalizer and Ikeja Hotel topped losers chart, dropping by 10 per cent each to close at N319.40 per unit and N18.79 per share respectively Nascon trailed with a loss of 9.97 per cent to close at N43.35 per share, Ecobank Transnational Corporation dipped by 9.96 per cent to close at N21.70 per unit, Livestock Feeds depreciated by 9.82 per cent to close at N1.47 per share.