Equity market gains N131bn

The domestic equity market index on Thursday rose by 241.52 basis points to close at 51618.73 points from 51377.21 points recorded the previous day.

Market capitalisation of listed equities also increased by N131 billion or 0.47 per cent to N27.828 trillion from N27.697 trillion reported on Wednesday.

Investors traded 223.245 million shares valued at N2.858 billion in 4028 deals against 229.366 million shares costing N3.196 billion in 4536 deals.

An analysis of the Investment showed that FBNHoldings Plc led gainers table, improving by 9.78 per cent to N10.10, FTNCocoa followed with a gain of 9.38 per cent to N0.35, Chi Plc gained 8.06 per cent to N0.67, Livestock Feeds increased by 6.94 per cent to N1.54, Union Bank of Nigeria Plc added 6.19 per cent to N6.00.

On the contrary, Academy Press topped losers chart during the day , dropping by 10 per cent to N1.17, Ellah Lakes trailed with a drop of 10 per cent to N3.96, Presco Plc down by 9.84 per cent to N165.00, E-tranzact dipped by 9.84 per cent to N2.20, Meyer Paint fell by 9.68 per cent to N2.52.

The result further showed that Mutual Benefits Assurance was toast of investors during the day, exchanging 40.130 million shares valued at N10.031 million, Oando Plc followed with account of 28.523 million shares worth N168.937 million, FCMB group traded 24.452 million shares cost N85.567, Access Corp exchanged 24.099 million shares cost N229.017 million, FBNHoldings traded 12.359 million shares valued at N121.765 million.

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