Equities Extend Gains, Up By N144bn

Nigerian equities delivered a affirmative show yesterday and extended gains from the erstwhile session. The wide capitalisation roseate by N144 billion, driven by a rally successful Guinness Nigeria Plc and 29 others.

The All-Share Index (ASI) roseate by 226.84 points, representing a summation of 0.16 per cent to adjacent astatine 142,263.07 points. Also, marketplace capitalisation gained N144 cardinal to adjacent astatine N90.009 trillion.
The upturn was driven by terms appreciation successful ample and medium-capitalised stocks, including Guinness Nigeria, Aradel Holdings, Eunisell Interlinked, Dangote Sugar Refinery, and Nigerian Aviation Handling Company (NAHCO).

As measured by marketplace breadth, marketplace sentiment closed positive, arsenic 30 stocks gained comparative to 20 losers. Guinness Nigeria emerged arsenic the highest terms gainer, 10 per cent, to adjacent astatine N176.00 per share.
Eunisell Interlinked followed with a summation of 9.89 per cent to adjacent astatine N30.55, portion Regency Alliance Insurance precocious by 9.82 per cent to adjacent astatine N1.79 per share.

Thomas Wyatt Nigeria roseate 9.80 per cent to adjacent astatine N2.69, portion McNichols roseate 9.58 per cent to adjacent astatine N3.89 per share.

On the different hand, Consolidated Hallmark Holdings led others connected the losers’ illustration with 7.59 per cent to adjacent astatine N4.02 per share. Initiates Plc (TIP) followed with a diminution of 7.48 per cent to adjacent astatine N12.00, portion Sovereign Trust Insurance shed 6.21 per cent to adjacent astatine N2.87 per share.

Omatek Ventures mislaid 5.17 per cent to adjacent astatine N1.10, portion Wapic Insurance depreciated by 4.19 per cent to adjacent astatine N3.20 per share.

However, the full measurement traded declined by 67.64 per cent to 325.112 cardinal units, valued astatine N8.418 billion, and exchanged successful 22,779 deals. Transactions successful the shares of Access Holdings led the enactment with 37.244 cardinal shares worthy N1.008 billion. Zenith Bank followed with 24.270 cardinal shares valued astatine N1.604 billion, portion Fidelity Bank traded 20.512 cardinal shares valued astatine N426.008 million.

Secure Electronic Technology traded 19.799 cardinal shares worthy N15.968 million, portion Veritas Kapital Assurance traded 14.907 cardinal shares worthy N32.903 million.