NGX: Equity Market Appreciates By N557bn

The Nigerian Exchange trading results shows that market capitalization of listed equities rose by 1.9% to N28.485 trillion, compared to N27.928 trillion the previous day.

The equity market returned to a bullish run, rising by N557 billion.

The NGX All Share Index also appreciated by 1033.04 basis points to 52838.45 points from 51805.41 points recorded the previous day.

Investors traded 417.386 million shares valued at N7.331 billion in 7255 deals against 331.521 million shares cost N5.035 billion in 6689 deals.

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An analysis of the investment showed that Okomuoil Palm led gainers table during the day, improving by 10 per cent to N205.70, CWG followed with a gain of 10 per cent to N0.99, Champion Breweries added 9.93 per cent to 9.90 per cent to N1.11, IMG gained 9.88 per cent to N9.45.

The largest loss for the day was recorded by Ikeja Hotel, which shed 10 per cent to N1.17, followed by Bua Foods, which dropped 10 per cent to N56.70, Eterna Plc down 9.92 per cent to N6.54, Northern Nigeria Floor Mills Nigeria Plc down 9.50 per cent to N9.05, and RTBriscoe down 8.7 per cent to N0.63.