Equity market sustains growth, increases by N117bn

Trading activities on the floor Nigerian Stock Exchange yesterday continued in positive growth, growing by N117 billion. Specifically,
Market Capitalisation of listed equities increased further by 0.83 per cent to N14.188 trillion from N14.071 reported on Monday.
Also the Nigerian Stock Exchange All Share Index also grew by 312.72.basis points to 39187.04 points from 38844.32 points recorded the previous day. Investors traded 341.483 million shares worth N 5.193 billion in 3769 deals against 603.174 million shares valued at N3.888 billion exchanged hands the previous day in 3832 deals.
An analysis of the transactions showed that Seplat Petroleum Development Company Plc led gainers table during the day, growing by N57.90 kobo to close at N769.00, Nestle Nigeria Plc followed with a gain of N44.80 kobo to close at N1495.00, Mobil Oil appreciated by N8.70 kobo to close at N183.00, Dangote Cement Industries added N3.20 kobo to close at N239.00. Cadbury Nigeria Plc grew by N0.50 kobo to close at N13.00.
On the contrary, Guinness Nigeria Plc topped losers chart, dropping by N2.75 kobo to close at N97.00, Nigerian Breweries trailed with a loss of N0.90 kobo to close at N117.10 kobo, Nascon fell by N0.90 kobo to close at N23.10 kobo, Flour Mills Nigeria Plc depreciated by N0.70 kobo to close at N32.30 kobo, Dangote Sugar Refinery Nigeria Plc decreased by N0.40 kobo to close at N19.50 kobo.
United Capital Plc was the most active stock during the day, trading 82.655 million shares worth N262.657 million , Dangote Sugar followed with account of 56.886 million shares worth N1.185 billion, Africa Prudential Registrar traded 49.573 million shares valued at N213.159 million, Guaranty Trust Bank sold 45.275 million shares cost N1.916 billion while United Bank for Africa sold 13.570 million shares worth N150.770 million.