Stock Market Extends Gain With N199bn

Trading activities on the equity market, on Tuesday, closed on a positive note as the Nigerian Stock Exchange All-Share Index appreciated by 1.09 per cent.

The market breadth closed positive with 29 gainers against 14 losers.

The All-Share Index gained 381.78 basis points to close at 35,225.22 index points as against 34,843.44 recorded the previous day.

The market capitalisation of equities appreciated by N199bn to close at N18.41tn from N18.21tn as market sentiment remained in the green zone.

Meanwhile, a turnover of 264.24 million shares exchanged in 4,356 deals was recorded in the day’s trading.

Premium subsector was the most active (measured by turnover volume), with 104.80 million shares exchanged by investors in 1,536 deals.

Volume in the subsector was largely driven by activities in the shares of Zenith Bank Plc and Access Bank Plc.

Banking subsector was boosted by activities in the shares of Fidelity Bank Plc and Jaiz Bank Plc followed with a turnover of 53.55 million shares in 763 deals.

Lasaco Assurance Plc led the gainers’ table with a gain of 10 per cent to close at 33 kobo per share while AXA-Mansard Assurance Plc followed with a gain of 9.38 per cent to close at 70 kobo per share. FTN Cocoa Plc added 8.33 per cent to close at 52 kobo per share.

On the other hand, Vanleer Nigeria Plc led the price losers’ table, dropping 9.89 per cent to close at N8.20 per share. Red Star Express Plc followed with 9.76 per cent to close at N3.05 per share while Unity Bank Plc trailed lost 8.82 per cent to close at 62 kobo per share.