Nigerian equities delivered a constructive efficiency yesterday and prolonged positive aspects from the earlier session. The general capitalisation rose by N144 billion, pushed by a rally in Guinness Nigeria Plc and 29 others.
The All-Share Index (ASI) rose by 226.84 factors, representing a achieve of 0.16 per cent to shut at 142,263.07 factors. Additionally, market capitalisation gained N144 billion to shut at N90.009 trillion.
The upturn was pushed by worth appreciation in massive and medium-capitalised shares, together with Guinness Nigeria, Aradel Holdings, Eunisell Interlinked, Dangote Sugar Refinery, and Nigerian Aviation Dealing with Firm (NAHCO).
As measured by market breadth, market sentiment closed constructive, as 30 shares gained relative to twenty losers. Guinness Nigeria emerged as the best worth gainer, 10 per cent, to shut at N176.00 per share.
Eunisell Interlinked adopted with a achieve of 9.89 per cent to shut at N30.55, whereas Regency Alliance Insurance coverage superior by 9.82 per cent to shut at N1.79 per share.
Thomas Wyatt Nigeria rose 9.80 per cent to shut at N2.69, whereas McNichols rose 9.58 per cent to shut at N3.89 per share.
Then again, Consolidated Hallmark Holdings led others on the losers’ chart with 7.59 per cent to shut at N4.02 per share. Initiates Plc (TIP) adopted with a decline of seven.48 per cent to shut at N12.00, whereas Sovereign Belief Insurance coverage shed 6.21 per cent to shut at N2.87 per share.
Omatek Ventures misplaced 5.17 per cent to shut at N1.10, whereas Wapic Insurance coverage depreciated by 4.19 per cent to shut at N3.20 per share.
Nevertheless, the whole quantity traded declined by 67.64 per cent to 325.112 million models, valued at N8.418 billion, and exchanged in 22,779 offers. Transactions within the shares of Entry Holdings led the exercise with 37.244 million shares price N1.008 billion. Zenith Financial institution adopted with 24.270 million shares valued at N1.604 billion, whereas Constancy Financial institution traded 20.512 million shares valued at N426.008 million.
Safe Digital Know-how traded 19.799 million shares price N15.968 million, whereas Veritas Kapital Assurance traded 14.907 million shares price N32.903 million.
