Equities market gains 0.72 per cent
By Philemon Adedeji
Equities market on the Nigerian Exchange Limited (NGX) closed for the second day of the week on a positive note amidst sell-offs and buy-interests as the benchmark All Shares Index (ASI) appreciated by 337.08 basis points.
The market price was driven by price appreciation in large and medium capitalised stocks amongst are GTCO, ZENITH, CAP, NEIMETH and others.
Similarly, the overall market capitalisation value impressively increased yesterday by 182 billion to close trade at N25.448 trillion from N25.266 trillion it closed the trade on Monday.
At the close of marketing activities yesterday, NGX ASI gained largely by 337.08 basis points representing 0.72 per cent to close at 47,205.03 basis points from 46,867.95 basis points it closed trade on Monday.
At the end of trading activities yesterday, market activities as measured by volume and value of trade inched weight as daily traded volume stood at, N245,422,059 million units represent 9 per cent appreciation from volume of 224,643,990 million units traded in the previous session, Valued by N 4.580 billion and exchange in 5,832 deals.
As measured by market breadth, market sentiment was positive as 30 stocks gained, While 17 constituted the losers chart.
On the price movement table, CAP led the gainers with 10.00 per cent increased to close trade at N19.80 per share, NEIMETH PHARMACEUTICAL PLC followed with gain of 9.86 per cent increased to close trade at N1.56 per share, While BERGER rose by 0.60 kobo representing 9.68 per cent increased to close trade at N6.80 per share.
MEYER grew by 0.12 kobo representing, 9.68 per cent increased to close trade at N1.36 per share and LEARNAFRICA PLC recorded as the last fifth advancer appreciated by 9.52 per cent increased to close trade at N2.07 per share.
On the other hand, Academy led the losers’ Chart by 10.00 per cent to close trade at N1.44 per share, CAVERTON followed with a decline of 9.92 per cent to close trade at N1.18 per share, While ROYALEX EXCHANGE dipped by 0.10 kobo representing 9.62 per cent to close trade at N0.94 per share.
LINKAGE ASSURANCE down by 7.55 per cent to ckose at N0.49 per shareshare.
PRESTIGE which recorded as the fifth best loser depreciated by 0.03 kobo to represent 6.98 per cent to close trade at N0.40 per share.
For the second day of the week, Guaranty Trust Holding Company (GTCO) dominated volume charts as the most traded stock by volume after trading session which transacted 39.093 million shares valued at 908.924 millions. Zenith bank followed as the next stock on the chart which traded 27.207 million shares worth 674.265 millions.
NB transacted 15.500 million shares valued at 622.916 millions, While Fidelity bank which recorded as the fourth traded stock transacted 10.992 million shares worth 40.840 million shares.
Linkage Assurance transacted 10.826 million shares valued at 5.419 millions.
