Stock market closes on a bulish run, gains N83bn

The nation’s equity market yesterday witnessned increase in activities , closing in bullish trend with a gain of N83 billion.


Specifically, Market Capitalisation of listed equities yesterday increased by 0.41 per cent to N20.258 trillion from N20.175 trillion reported the previous day.
The NSE All Share Index also appreciated by 158.97 basis points to 38720.81 points from 38561.84 traded on Monday.


Investors traded 220.857 million shares valued at N4.205 billion in 4192 deals against 184.528 million shares valued at N2.517 billion in 3527 deals.
A review of the trading activities during the day showed that Guinness Nigeria PLC led gainers table during the day, gaining 10 per cent or N2.30 kobo to close at N25.30 kobo, Regal Insurance followed with a gain of 10 per cent or N0.03 kobo to close at N0.33 kobo, Jaiz Bank gained 9.68 per cent or N0.06 kobo to close at N0.68 kobo, Vitafoam Nigeria PLC added 5.44 per cent or N0.04 kobo to close at N7.75 kobo, Livestock Feeds gained 3.83 per cent or N0.07 kobo to close at N1.90 kobo.


On the contrary, Wapic Insurance topped losers chart, dropping by 9.09 per cent or N0.05 kobo to close at N0.50 kobo, Africa Prudential Registrar trailed with a loss of 8.26 per cent or N0.45 kobo to close at N5.00, Fidelity Bank down by 6.69 per cent or N0.16 kobo to close at N2.23 kobo, Ecobank Transnational Incorporated fell by 5.83 per cent or N0.30 kobo to close at N4.85 kobo, Guaranty Trust Bank declined by 4.84 per cent or N1.45 kobo to N28.50 kobo.

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