Equities market appreciates by N324bn to maintain positive trend
Nigerian equities on Monday closed positive note, extending gains from the previous session as the overall capitalisation closed N324 billion stronger.
The All Share Index (ASI) rose by 592.47 points, representing a gain of 0.90 per cent to close at 66,151.38 points. Also, market capitalisation appreciated by N324 billion to close at N36.205 trillion.
The uptrend was impacted by gains recorded in medium and large capitalised stocks, amongst which are; BUA Foods, SFS Real Estate Investment Trust Fund, Dangote Sugar Refinery, NASCON Allied Industries and Nigerian Aviation Handling Company (NAHCO).
Market breadth closed positive as 34 stocks gained relative to 24 decliners. Dangote Sugar Refinery, Omatek Ventures, Thomas Wyatt Nigeria and Transnational Corporation (Transcorp) recorded the highest price gain of 10 per cent each to close at N52.25, 33 kobo, N1.87 and N7.38 respectively, per share.
SFS Real Estate Investment Trust Fund followed with a gain of 9.96 per cent to close at N92.15, while NASCON appreciated by 9.94 per cent to close at N49.20, per share. On the other hand, Computer Warehouse Group led the losers’ chart by 10 per cent to close at N4.50, per share. John Holt followed with a decline of 9.80 per cent to close at N1.38, while NEM Insurance lost 9.54 per cent to close at N5.12, per share.
Secure Electronic Technology depreciated by 9.09 per cent to close at 30 kobo, while Cutix declined by 8.33 per cent to close at N2.20, per share.
The total volume traded declined by 12.61 per cent to 311.117 million units, valued at N3.915 billion, and exchanged in 7,193 deals. Transactions in the shares of Access Holdings topped the activity chart with 43.702 million shares valued at N703.328 million. Transcorp followed with 28.498 million shares worth N181.731 million, while Dangote Sugar Refinery traded 16.03 million shares valued at N820.840 million.
Consolidated Hallmark Insurance traded 15.565 million shares valued at N13.471 million, while Omatek Ventures sold 15.514 million shares worth N4.659 million.
