For the fourth consecutive session, the domestic equities market yesterday maintained the winning streak as the market total capitalisation closed to cross N25 trillion.
The All Share Index (ASI) rose by 1,303.04 absolute points, representing a gain of 2.82 per cent to close at 46,232.37 points. Accordingly, investors gained N710 billion in value as market capitalisation went up to N25.182 trillion. The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Dangote Cement, BUA Cement, Guinness Nigeria, Vitafoam Nigeria and United Capital.
As measured by market breadth, market sentiment was positive, as 28 stocks gained relative to 11 losers. Secure Electronic Technology recorded the highest price gain of 10 per cent to close at 22 kobo, per share. Dangote Cement followed with a gain 9.98 per cent to close at N262.30, while BUA Cement went up by 9.72 per cent to close at N79.00, per share.
Cornerstone Insurance went up by 9.09 per cent to close at 48 kobo, while Prestige Assurance appreciated by 8.11 per cent to close at 40 kobo, per share. On the other hand, SCOA Nigeria led the losers’ chart by 9.30 per cent to close at N1.17, per share. Royal Exchange followed with a decline of 8.97 per cent to close at 71 kobo, while Eterna went down by 4.76 to close at N5.40, per share. Cutix lost 4.72 per cent to close at N2.02, while Chams shed 4.35 per cent to close at 22 kobo, per share.
The total volume of trades increased by 48.47 per cent to 187.907 million units, valued at N1.842 billion, and exchanged in 3,458 deals. Transactions in the shares of LivingTrust Mortgage Bank topped the activity chart with 30.110 million shares valued at N43.058 million. Transnational Corporation of Nigeria (Transcorp) followed with 26.530 million shares worth N31.461 million, while Access Holdings traded 16.392 million shares valued at N139.575 million.
Ecobank Transnational Incorporated (ETI) traded 12.116 million shares valued at N121.173 million, while Guaranty Trust Holding Company (GTCO) transacted 11.549 million shares worth N233.580 million.
