Equity sustains growth, gains N14bn

Trading activities on the floor of Nigerian Exchange on Tuesday sustained bullish trend, gaining N14 billion

Market capitalisation of listed equities appreciated by 0.05 per cent to N28.643 trillion from N28.629 trillion reported the previous day.

The NGX All Share Index also increased by 25.89 basis points to 52605.41 points from 52579.52 traded on Monday.

An analysis of the investment showed that Conoil Plc led gainers table in percentage terms, gaining 10.00 per cent to close at N48.40 per share, Multiverse followed with a gain of 9.97 per cent to close at N3.75 per unit, John Holt gained 9.77 per cent to close at N1.91 per share, CWG added 9.66 per cent to close at N1.59 per unit, Transnational Corporation of Nigeria up by9.50 per cent to close at N1.96 per share.

On the contrary, Unity Bank recorded the highest loss during the day, declining by 9.26 per cent to close at N0.48 per share, Japaul Gold trailed with a loss of 8.82 per cent to close at N0.31 per share, Cutix sheds 8.80 per cent to close at N2.28 per unit, Nigerian Breweries down by 8.29 per cent to close at N32.10 per share, Academy Press fell by 5.71 per cent to close at N1.65 per unit.

Investors’ traded 640.968 million shares valued at N7.132 billion in 5684 deals against 511.384 million shares costing N7.139 billion in 5883 deals.

Transactions in the shares of Access Corp led activity during the day with 129.729 million shares valued at N1.481 billion, United Bank for Africa followed with account of 91.113 million shares cost N728.472 million, FBNHoldings traded 80.973 million shares cost N969.537 million, Zenith Bank traded 42.751 million shares worth N1.045 billion while NEM Insurance traded 33.644 million shares worth N153.080 million.