Transactions on the floor of Nigerian Exchange (NGX) on Thursday sustained a growth trend, gaining N133 billion with sell offs in shares of Sterling Bank, GTCO Plc, Zenith Bank, FBNHoldings and UBA boosted market activities.
Market capitalisation of listed equities increased by 0.50 per cent to N26.815 trillion from N26.682 trillion reported the previous day.
The NGX All Share Index also appreciated by 244.98 basis points to 49233.02 points from 48988.04 points reported the previous day.
Volume of activities surged by 134.736 million or 153.04 per cent as Investors traded 222.775 million shares valued at N2.129 billion in 2756 deals against 88.039 million shares worth N1.675 billion exchanged hands the previous day in 2832 deals.
An analysis of the investment showed that Cap Plc led gainers table during the day, gaining 9.88 per cent to N17.80 Ardova Plc followed with a gain of 9.51 per cent to N16.70, Cornerstone Insurance gained 8.33 per cent to N0.52, Thomas Way added 8.33 per cent to N0.52, Learn Africa grew by 8.12 per cent to N2.13.
On the contrary Mcnichols topped losers chart during the day, shedding 10 per cent or N0.54, Geregu trailed with a drop of 8.11 per cent to N102.00, Chams Plc dipped by 4.35 per cent to N0.22, GTCO Plc sheds 1.91 per cent to N20.50, United Capital down by 1.46 per cent to N13.50.
The result further showed that Sterling Bank was the toast of investors during the day, exchanging 153.280 million shares valued at N205.432 million, GTCO Plc followed with account of 10.466 million shares worth N216.962 million, Zenith Bank traded 8.691 million shares cost N200.259 million, FNNHoldings exchanged 4.970 million shares cost N53.534 million, United Bank for Africa sold a total of 4.517 million shares valued at N32.949 million.
