Equity market sustains growth, gains N88bn

Trading activities on the floor of Nigeria Stock Exchange yesterday sustained growth profile, appreciating by N88 billion.

Market Capitalisation of listed equities increased by 0.43 per cent to N20.418 trillion from N20.330 trillion traded on Monday.

The NSE All Share Index also appreciated by 167.56 basis points to 39015.58 points from 38848.02 points reported the previous day.

Investors traded 339.023 million shares valued at N2.709 billion in 4205 deals against 508.637 million shares worth N32.101 billion exchanged hands the previous day in 4324 deals.

An analysis of the transactions showed that HoneyWell Flour Mills Nigeria Plc led gainers table during the day, appreciating by 10 per cent to N1.43 kobo, PZ Cusson followed with a gain of 10 per cent to N4.95 kobo, Sovereign Trust Insurance increased by 8.0 per cent to N0.27 kobo, NEM Insurance up by 7.5 per cent to close at N2.15 kobo, JohnHolt added 5.88 per cent to N0.54 kobo.