Equity Market Sustains Positive Performance, Gains N162bn

Transactions on the Nigeria stock market on Thursday sustained its positive performance, as market capitialisation appreciated by N162bn, extending gains to three consecutive trading day.

Consequently, the All-Share Index rose by 310.77 basis points or 1.47 per cent to close at 21.384.03 index points as against 21.073.26 recorded the previous day while market capitalisation of equities appreciated by N162bn or 1.47 per cent to close higher at N11.144tn from N10.982tn as market sentiment remained in the green territory.

Meanwhile, a turnover of 314.9 million shares in 5,427 deals was recorded in the day’s trading.

Premium subsector was the most active (measured by turnover volume); with 192.4 million shares exchanged by investors in 2,964 deals.

Volume in the subsector was driven by activities in the shares of UBA Plc and FBNH Plc.

Banking subsector boosted by the activities in the shares of GTB Plc and Fidelity Bank Plc followed with a turnover of 66.3 million shares in 963 deals.

The number of gainers at the close of trading session was 24 while decliners closed at 12.

Further analysis of the day’s trading showed that Dangote Sugar Plc topped the gainers’ table with 9.74 per cent to close at N10.70 per share while UBA Plc followed with 9.73 per cent to close at N6.20 per share and Cadbury Nigeria Plc with a gain of 9.52 per cent to close at N6.90 per share.