Equity market sustains growth, gains N41bn



Transactions on the floor of Nigerian Exchange on Thursday appreciated by N41 billion.

Market capitalisation of listed equities increased by 0.11 per cent to N39.051 trillion from N39.010 trillion reported the previous day.

The NGX All Share Index increased by 80.69 basis points to 71365.25 points from 71284.56 points recorded on Wednesday.

An analysis of the Investment showed that Northern Nigeria Flour Mills led gainers table, gaining 10 per cent to close at N35.20 per shares, Thomas Swy followed with a gain of 9.62 per cent to close at N2.28 per share, Mecure gained 9.09 per cent to close at N12.00, Chams Plc added 7.69 per cent to close at N3.50 per unit, Ecobank Transnational Corporation up by 6.25 per cent to close at N17.00.

On the contrary, NSLTech recorded the highest loss during the day, dropping by 9.72 per cent to close at N0.65 per unit, Unity Bank trailed with a loss of 9.68 per cent to close at N1.40 per share, Tantalizer down by 9.43 per cent to close at N0.48 per share, Daar Communication fell by 9.38 per cent to close at N0.29 per unit, Deap Capital declined by 9.23 per cent to close at N0.59 per unit.

Volume of trades increased by 179.485 million, representing 49.77 per cent as investors traded 540.085 million shares valued at N10.243 billion in 6516 deals against 360.60 million shares valued at N6.61 billion in 6579 deals.

Transactions in the shares of GTCO Plc led market activities with 67.229 million shares valued at N2.603 billion, Universal insurance followed with account of 56.746 million shares worth N13.662 million, Conhall Plc exchanged 46.100 million shares cost N64.327 million, Transnational Corporation of Nigeria sold a total of 42.756 million shares cost N294.338 million while FBNHoldings traded 36.026 million shares cost N784.474 million.