Equity market gains N532bn

Transactions on the floor of nation’s equity market on Thursday sustained growth profile,gaining N532 billion.

Market capitalisation of listed equities appreciated by 2.03 per cent to N26.785 trillion from N26.253 trillion reported the previous day.

The NGX All Share Index also increased by 956.63 basis points to 49661.87 points from 48675.24 points reported on Wednesday.

Investors traded 226.472 million shares valued at N2.763 billion in 3515 deals against 167.569 million shares cost N3.373 billion in 3751 deals.

An analysis of the investment for the day indicated that CWG led gainers table during the day, increasing by 10 per cent to N0.99, Learn Africa followed with a gain of 9.78 per cent to N2.47, Caverton gained 9.52 per cent to N1.15, Multiverse added 9.52 per cent to N2.30 while Chams Plc grew by 8.00 per cent to N0.27.

Mutual Benefits Assurance topped losers chart during the day, dropping by 9.68 per cent to N0.28, Honey Well Flour trailed with a loss of 8.42 per cent to N2.72, Flour Mills Nigeria Plc dipped by 7.06 per cent to N27.00, Unity Bank fell by 4.76 per cent to N0.40, FCMB group down by 3.51 per cent to N3.02.