Equity market gains N100bn

By Amaka Ifeakandu Lagos

Investment in the Nigerian Stock Market yesterday sustained growth profi le, increasing by N100 billion. Specifi cally, market capitalisation of listed equities improved by 1.05 per cent to N9.644 trillion from N9.544 trillion recorded the previous day.

Also the NSE All Share Index appreciated by 290.77 kobo to 27900.44 point against 27609.67 recorded the previous day. Investors bought 371.455 million shares worth N3.490 billion in 3910 deals against 569.175 million shares valued at N6.682 billion exchanged hands in 4632 deals. Nestle Nigeria Plc led gainers table for the day, appreciating by N24.94 kobo to close at N825.05 kobo, Nigerian Breweries followed with a gain of N3.00 to close at N248.00, Guaranty Trust Bank gained N1.20 kobo to close at N30.70 kobo, Oando Plc added N0.77 kobo to close at N8.55 Kobo. Glaxosmith increased by N0.73 kobo to close at N15.43 kobo. On the contrary, Stanbic IBTC recorded the highest loss during the day, shedding N0.50 kobo to close at N26.00, Union Bank of Nigeria trailed with a loss of N0.15 kobo to close at N5.00 Zenith International Bank fell by N0.10 kobo to close at N17.10 kobo, International Breweries down by N0.10 kobo to close at N20.90 kobo and United Bank for Africa declined by N0.10 kobo to close at N6.50 kobo.

Th e result further showed that Access Bank of the banking subsection recorded the highest volume of activities during the day, accounting for 96.012 million shares worth N695.337 million, Guaranty Trust Bank followed with a account of 31.337 million shares valued at N945.265 million, Law Union and Rock Insurance traded 30.204 million shares cost N24.171 million, United Bank for Africa exchanged 25.668 million shares worth N166.685 million while FBNHoldings sold 19.552 million shares valued at N77.179 million.

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