Equities market appreciates by N53bn over investors’ renew interest in BUA cement

The equities market of the Nigerian Exchange limited (NGX) on Tuesday maintained the bull run bringing capitalisation up by N53 billion on buying interest in BUA Cement Plc and 15 others.

The All Share Index (ASI) rose by 96.46 points or 0.20 per cent to close at 48,366.69 points, while overall market capitalisation value gained N53 billion to close at N26.344 trillion.

Market sentiment, as measured by market breadth was positive as 16 stocks gained, relative to 13 decliners. 

Honeywell Flour Mills recorded the highest price gain of 8.06 per cent to close at N2.28 per share. Champion Breweries followed with a gain of 7.14 per cent to close at N3.75, while ETI rose by 4.98 per cent to close at N10.55 per share.

Lasaco Assurance went up by 4.71 per cent to close at 89 kobo, while R.T. Briscoe Nigeria appreciated by 4.00 per cent to close at 26 kobo per share.

On the other hand, UACN Property Development Company (UPDC) led the losers’ chart by 7.07 per cent to close at 92 kobo per share. Wema Bank followed with a decline of 6.12 per cent to close at N3.22, while FTN Cocoa processors depreciated by 3.33 per cent  to close at 29 kobo per share.

Wapic Insurance declined by 2.63 per cent to close at 37 kobo, while Oando depreciated by 2.50 per cent to close at N3.90 per share.

However, the total volume of trades decreased by 71.16 per cent to 184.657 million units, valued at N3.572 billion, and exchanged in 3,189 deals.

Transactions in the shares of FBN Holdings (FBNH) topped the activity chart with 66.108 million shares valued at N727.029 million. Transnational Corporation of Nigeria (Transcorp) followed with 36.614 million shares worth N43.450 million, while Geregu Power traded 17.474 million shares valued at N1.754 billion.

Access Holdings traded 7.351 million shares valued at N62.926 million, while R.T. Rriscoe transacted 5.632 million shares worth N1.513 million.