Equity market rebounds, gains N126bn

Trading activities on the floor of Nigerian Exchange (NGX) on Tuesday returned to positive trend appreciating by N126 billion.

Market capitalisation of listed equities increased by 0.41 per cent to N30.513 trillion from N30.387 trillion reported the previous day.

The NGX All Share Index also appreciated by 230.14 basis points to 56036.85 points from 55806.71 points traded on Monday.

Investors traded 322.494 million shares worth N5.824 billion in 6165 deals against 369.77 million shares valued at N19.841 million in 7221 deals.

A review of the investment during the day showed that ETranzact led gainers table in percentage terms, gaining 10 per cent to close at N4.40 per share, Eterna Plc followed with a gain of 9.85 per cent to close at N11.15 per share, Pharm Deko gained 9.52 per cent to close at N2.07 per unit. Cornerstone Insurance added 9.52 per cent to close at N0.92 per share, FTNCocoa increased by 9.23 per cent to close at N0.71 per share.

On the contrary, JohnHolt recorded the highest loss during the day with a drop of 9.88 per cent to close at N1.55 per unit, Multiverse trailed with a loss of 9.54 per cent to close at N3.70 per unit, Chellaram down by 9.52 per cent to close at N1.33 per share, Omatex dipped by 9.09 per cent to close at N0.20 per unit, SUNU Assurance declined by 8.33 per cent to close at N0.40 per unit.

Transactions in the shares of United Bank for Africa (UBA) led activity during the day with 47.126 million shares valued at N442.314 million, AccessCorp followed with account of 39.910 million shares cost N501.775 million, GTCO Plc traded 30.224 million shares cost N846.874 million, Fidelity Bank exchanged 23.775 million shares cost N137.274 million, Japaul Gold exchanged 16.841 million shares valued at N6.732 million.

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