Equities market appreciates by N46bn
The Nigerian equities market on Tuesday closed on a positive note following share price appreciations in Oando Plc and 28 others.
As a result, the All-Share Index (ASI) gained 79.79 points, representing a gain of 0.08 per cent to close at 96,873.74 points. Also, market capitalisation rose by N46 billion to close at N55.647 trillion.
As measured by market breadth, market sentiment closed slightly negative, as 30 stocks lost relative to 29 gainers. Industrial and Medical Gases Nigeria, C &I Leasing and Guinea Insurance emerged the highest price gainer of 10 per cent each to close at N31.90, N4.07 and 55 kobo respectively, per share.
Eterna followed with a gain of 9.90 per cent to close at N32.20, while eTranzact International appreciated by 9.82 per cent to close at N6.15, per share.
On the other side, R.T. Briscoe Nigeria led others on the losers’ chart with 10 per cent to close at N2.88, per share. Abbey Mortgage Bank followed with a decline of 9.96 per cent to close at N2.53, while Secure Electronic Technology shed 9.72 per cent to close at 65 kobo, per share.
McNichols depreciated by 9.68 per cent to close at N1.40, while Tantalizer dipped by 9.23 per cent to close at 59 kobo, per share.
The total volume traded dipped by 5.0 per cent to 473.004 million units, valued at N10.411 billion, and exchanged in 12,532 deals. Transactions in the shares of Access Holdings led the activity with 106.281 million shares worth N2.041 billion. Oando followed with account of 46.922 million shares valued at N4.317 billion, while Prestige Assurance traded 31.743 million shares valued at N16.604 million.
United Bank for Africa (UBA) traded 20.181 million shares worth N486.8 million, while Transnational Corporations (Transcorp) traded 17.746 million shares worth N194.334 million.
