Equities market upholds trend as investors gain N40bn

EQUITIES trading on the Nigerian Stock Exchange sustained uptrend for the third consecutive session on Thursday as market capitalisation buoyed by N40 billion.

The market cap closed the day at N8.796 trillion compared to its starting figure of N8.756 trillion. Similarly, the NSE All-Share Index (ASI) grew by 116.85 points or 0.46 percent to close at 25, 418.08 points.

Volume and Value traded by investors in 2468 deals on the floor of the Exchange also grew by 20 percent and 5 percent respectively to close at 280.95 million and N2.35 billion respectively, in comparison with 233.8 million units of shares worth N2.2 billion traded in 3,196 deals previously.

Topmost at the gainers table was Portland paints which rose 4.47 per cent to close at N1.87 per share, UAC- Property was next with a growth of 4.40 per cent to close at N1.90 per share, Sterling Bank increased by 4.29 percent to close at 73 kobo, UBA also added 3.85 per cent to close at N5.40 per share, while Cadbury increased 3.29 per cent to close at N7.84 per share.