Equity market ends week bullish, gains N157bn

The Domestic equity market on Thursday remained on positive trend, appreciating by N157 billion as gain recorded in the shares price  of some small and medium stocks impacted positively in the market

Market capitalisation of listed equities appreciated by 0.27 per cent to N59.120 trillion from N58.963 trillion reported the previous day.

As a result year to to date return went to 39.84 per cent as NGX printed higher gain of 35 companies against 18 losers.

The NGX All Share Index also went up by 278.22 basis points to 104562.06 points from 104283.84 points traded on Wednesday.

An analysis of the investment showed that Morison industry led gainers table, growing by 10 per cent to close at N1.76 per share, Ikeja Hotel followed with a gain of 9.91 per cent to close at N6.43 per share, Julius Berger added 9.73 per cent to close at N66.00 per unit, Omatek grew by 9.72 per cent to close at N0.79 per unit, UPDC REIT gained 9.57 per cent to close at N5.15 per share.

On the contrary, FTNCocoa recorded highest loss, dropping by 9.60 per cent to close at N1.60 per unit, ABC Transport followed with account of 9.41 per cent to close at N0.77 per share, Guinea Insurance down by 7.89 per cent to close at N0.35 per share,NGX group dipped by 6.75 per cent to close at N21.40 per share, Chams Plc fell by 6.34 per cent to close at N1.90 per unit.