Equities: Investors gain N1.93trn, market capitalisation up 4%

NGX Group


The domestic bourse on Tuesday further recorded a positive performance, making investors to gain N1.93 trillion.

Specifically, the market capitalisation closed at N45.523 trillion, representing N1.93 gain or four per cent when compared with N43.597 trillion recorded on Monday.

Consequently, benchmark of the All-Share index increased by four per cent or 2,867.31 points to close at 83,191.84, as against 80,324.53 recorded on Monday.

As a result, the Year-To-Date (YTD) return rose to 11.26 per cent.

Analysis of market activities showed that trade turnover settled higher relative to the previous session, with the value of transactions up by 61.77 per cent.

Buying interest in the stocks of Dangote Cement, MTN Nigeria and BUA Foods were the major drivers of the positive performance.

Meanwhile, 1.41 billion shares valued at N24.68 billon were exchanged in 17,144 deals.

Fidelity Bank led the activity chart in volume with 141.75 million units traded at N1.96 billion.

First City Monumental Bank(FCMB) also traded 128.97 million shares valued N1.48 billion, while United Bank of Africa (UBA) transacted 117.71 million shares at N3.8 billion.

Transcorp sold 108.34 million share valued N1.6 billion, while Access Holdings traded 85.21 million shares worth N2.52 billion.

On the gainer’s chart, Guinea Insurance, Cadbury, FTN Cocoa Processors, First Bank of Nigeria Holdings and Universal Insurance led in percentage terms of 10 each to close at 44k, N18.15, N2.20, N28.60 and 33k per share, respectively.

Conversely, Total led the looser’s table in percentage terms of 10 per cent to close at N346.50.

Daar Communications followed with lost 9.40 per cent to close at N1.06, RT Briscoe shed 8.45 per cent to close at 65k.

Also, SUNU Assurance declined by 7.69 per cent to close at N1.20 and Prestige lost 7.41 per cent to close at 50k.

However, market breadth closed positive, as 67 equities traded on the gainers table, while 13 others traded on the losers table (NAN)


The OPINION / COLUMN is authored by independent contributors to the National Accord Newspaper. While contributors adhere to our editorial guidelines, they are not employed by the National Accord Newspaper. The perspectives and opinions expressed herein are solely those of the author and do not represent the views of the National Accord Newspaper or its staff.

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