Local equities on Wednesday sustained growth profile, gaining N32 billion as sell off recorded in shares of Geregu, FBNHoldings, United Bank for Africa, Zenith Bank and others boosted activities in the market.
Market capitalisation of listed equities increased by 0.12 per cent to N26.376 trillion from N26.344 trillion reported the previous day.
The NGX All Share Index also appreciated by 59.80 basis points to 48426.49 points from 48366.69 points traded the previous day.
Investors’ traded 146.206 million shares valued at N3.356 billion in 2810 deals against 184.655 million shares cost N3.571 billion in 3189 deals.
A review of the investment showed that Thomas Way led gainers table during the day,gaining 10 per cent to N0.44,Japaul Gold followed with a gain of 7.41 per cent to N0.29, Honey Well Flour increased by 6.14 million shares cost N2.42, May and Baker Nigeria Plc gained 5.26 per cent to N4.00, Nigerian Breweries grew by 4.62 per cent to N38.50.
On the contrary, SCOA Topped losers chart during the day, shedding 9.38 per cent to N0.87, Unity Bank trailed with a drop of 7.12 per cent to N0.53, Cornerstone Insurance down by 6.25 per cent to N0.45, Courtvellle Business Solutions dipped by 6.00 per cent to N0.47, Chams fell by 4.35 per cent to N0.22.
The result further showed that FBNHoldings was the most active stock during the day, exchanging 59.271 million shares valued at N639.973 million, Geregu followed with account of 14.276 million shares cost N1.534 billion, Zenith Bank traded 12.510 million shares valued at N275.685 million, Sterling Bank exchanged 17.024 million shares cost N9.688 million while United Bank for Africa sold a total of 6.915 million shares cost N50.455 million.
