Equity market sustains bullish run, gains N61bn

Transactions on the floor of Nigerian Exchange remained positive, growing by N61 billion at the close of trading on Tuesday.

Market capitalisation of listed equities appreciated by 0.11 per cent to N55.597 trillion from N55.536 trillion reported the previous day.

The NGX All Share Index also increased by 108.75 basis points to 98285.33 points from 98176.58 points traded on Monday.

A review of the trading activities due Ng the day showed that Julius Berger led gainers table with 9.96 per cent to close at N14.90 per share, Nestje Nigeria Plc followed with a gain of 9.76 per cent to close at N900.00, Sovereign Trust Insurance gained 8.11 per cent to N0.40 per share, Royal Exchange gained. 7.14 per cent to close at N0.60 per unit, Tantalizer added 6.38 per cent to close at N0.50 per share.

On the contrary, International General Insurance recorded the highest loss declining by 9.70 per cent to close at N1.49 per share, Deap Cap trailed with a loss of 8.33 per cent to close at N0.44 per unit, UPDC declined by 7.69 per cent to close at N1.20 per unit, by Wapic Insurance fell by 7.25 per cent to close at N0.64 per unit, Sterling Bank down by 6.25 per cent to close at N4.20 per share.

Volume of trades declined by 182.762 million, representing 45.05 per cent as investors bought shares worth N5.148 billion in 7228 deals against 405.661 million worth N6.688 billion exchanged hands the previous day in 8439 deals.

Transactions in the shares of GTCO Plc led market activities with 40.638 million shares valued at N1.616 billion, AccessCorp followed with account of 27.516 million shares valued at N469.129 million, United Bank for Africa exchanged 23.961 million shares cost N502.244 million, Transnational Corporation of Nigeria traded 22.831 million shares worth N22.831 million while Jaiz Bank sold a total of 11.550 million shares cost N24.299 million