Equities market adds N15bn to market cap, continues positive trend
The equities market on Wednesday closed on a positive trend, as the bulls continued on the market amid price appreciations in Eterna Plc and 18 others.
The Nigerian Exchange Limited All-Share Index rose by 27.11 basis points or 0.04 per cent, to close at 67,353.23 basis points. Similarly, the overall market capitalisation value gained N15 billion to close at N37.004 trillion.
The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Eterna, Zenith Bank, United Bank for Africa (UBA), Guaranty Trust Holding Company (GTCO) and Berger Paints.
As measured by market breadth, market sentiment was positive, as 19 stocks gained while 18 stocks lost. Guinea Insurance recorded the highest price gain of 9.09 per cent to close at 24 kobo, per share. Eterna followed with a gain of 6.86 per cent to close at N14.80 and Unity Bank up by 5.49 per cent to close at 96 kobo, per share.
Jaiz Bank appreciated by 5.26 per cent to close at N1.60, while Omatek Ventures rose by 4.55 per cent to close at 46 kobo, per share. On the other hand, Computer Warehouse Group (CWG) led the losers’ chart by 10 per cent to close at 95 kobo, per share. R.T. Briscoe Nigeria followed with a decline of 8.77 per cent to close at 52 kobo, while Africa Prudential lost 7.14 per cent to close at N6.50, per share.
FTN Cocoa Processors down by 6.29 per cent to close at N1.64, while NEIMETH International Pharmaceuticals declined by 6.06 per cent to close at N1.55, per share.
The total volume traded advanced by 5.2 per cent to 397.56 million units, valued at N4.70 billion, and exchanged in 6,165 deals. Transactions in the shares of Wema Bank topped the activity chart with 88.986 million shares valued at N418.147 million. Access Holdings followed with 35.607 million shares worth N598.485 million, while United Bank for Africa (UBA) traded 35.171 million shares valued at N659.134 million.
Fidelity Bank traded 33.406 million shares valued at N279.513 million, while GTCO transacted 23.421 million shares worth N828.481 million.
