Equities market sustain previous stance as investors gain N119bn

Equities trading on the Nigerian Stock Exchange (NSE) maintained previous day gains by adding 0.90 per cent to its indices.

Specifically, on Tuesday, the All Share Index closed higher at 27,586.93bps, leaving the Year to date return at 2.77 per cent as at the close of trading today while  Market Capitalisation stood at N13.317 trillion, having gained N119 billion profit.

Similarly, the market breadth remained positive as 25 gainers outweighed 20 decliners as sectoral indices closed positive across sectors leaving NSE ASEM flat.

The volume of equities traded however declines by 14.23 per cent to 446 million units from 520 million units traded on Monday. Value, on the other hand, inched up by 8.76 per cent to record N5.82 billion from N5.35 billion recorded on Monday.

Fidson Pharmaceutical PLC led the gainers’ chart for the day with 9.80 per cent having gained  25 kobo to each of its shares to close at N2.89 kobo. PZ also advanced by 9.89 per cent to close at  5.60 kobo, while Unity Bank gained N9.59 kobo, to come third on the gainers chart.

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Conversely, NCR led the losers’ chart having declined by ten per cent in shares value trailed by Livestock, Courtville, Forte Oil and Jaiz bank.

Shares of United Bank for Africa, Zenith Bank, First Bank of Nigerian Holdings, Access Bank and First City Monument Bank were the toast of investors as they account for the best performance in terms of value,  Zenith Bank, United Bank for Africa, Dangote Cement, Guaranty Trust Bank and MTN Nigeria made up the top five performers in terms of value of units traded.

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