Equity market sustains bullish run, gains N180bn

The nation’s equity market sustained on bullish run at close of transactions on Tuesday, gaining N180 billion.

Market capitalisation of listed equities appreciated by 0.60 per cent to N29.768 trillion from N29.588 trillion reported the previous day. The NGX All Share Index also appreciated by 330.85 basis points to 54646.38 points from 54315.53 points recorded the previous day.

An analysis of the investment showed that MRS led gainers table in percentage terms appreciating by 9.88 per cent to N27.80, Mcnichols followed with account of 9.09 per cent to N0.60, BuaFoods added 8.87 per cent to N81.00, Cornerstone Insurance gained increased by 8.33 per cent to N0.65 per unit, Transco Hotel up by7.44 per cent to close at N6.50.

On the other hand, TIP topped losers chart in percentage terms, dropping 9.09 per cent to close at N0.40, Neimeth international Pharmaceutical trailed with a loss of 6.45 per cent to close at N1.45 Kobo, Chi Plc fell by 6.15 per cent to N0.61 per share, Veritas Kapital went down by 4.76 per cent to N0.21 per unit, AIICO Insurance fell by 1.67 per cent to close at N0.59 per share.

Investors traded 142.036 million shares valued at N1.846 billion in 2651 deals against 129.914 million shares valued at N3.922 billion in 2678 deals.