Bulls return as equity market gains N45bn

Trading activities on the floor of Nigerian Stock Exchange yesterday returned to bullish trend, increasing by N45 billion Specifically, market capitalisation of listed equities grew by 0.31 per cent to N14.765 trillion from N14 720 trillion recorded the previous day. All Share Index also appreciated by 125.83 basis point to 40875.69 point from 40749.86 traded on Wednesday. investors traded 495.643 million shares worth N7.675 billion in 4614 deals against 401.413 million shares cost N6.771 billion exchanged hands the previous day in 5370 deals.

A review of the investment showed that Dangote Cement led gainers table during the day, gaining N4.00 to close at N255.00, Ecobank Transnational Incorporated followed with a gain of N0.65 kobo to close at N17.00, Eterna Oil appreciated by N0.28 kobo to close at N6.29 kobo, Nascon gained N0.20 kobo to close at N21.20 kobo, United Bank for Africa grew by N0.15 kobo to close at N11.90 kobo. On the contrary, Glaxosmith Kline Consumer Nigeria Plc topped losers chart for the day, dropping by N3.35 kobo to close at N31.50 kobo, International Breweries trailed with a loss of N2 .70 kobo to close at N51.70 kobo, Julius Berger down by N1.20 kobo to close at N24.70 kobo, Nigerian Breweries declined by N0.70 kobo to close at N128.30 kobo. ]

union Bank of Nigeria fell by N0.30 kobo to close at N6.65 kobo. The result further showed that United Bank for Africa of the banking industry was the most active stock during the day, trading 103.500 million shares worth N1.234 billion, Fidelity Bank followed with account of 90.235 million shares worth N241.043 million, Guaranty Trust Bank traded 62.991 million shares valued at N2.779 billion. Access Bank exchanged 40.338 million shares cost N474.582 million while FBNHoldings sold 31.403 million shares worth N380.584 million.

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