Equities market appreciates by 0.20%

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Opening the week, on Monday, equities market of Nigerian Exchange Limited (NGX) extended gains from last week as the main index closed 0.20 per cent stronger on buyers interests in BUA Foods Plc and 13 others.

The All Share Index (ASI) rose by 98.67 basis points or 0.20 per cent to close at 49,414.96 points. Accordingly, investors gained N54 billion in value as market capitalisation went up to N26.915 trillion.

As measured by market breadth, market sentiment was positive, as 14 stocks gained relative to 10 losers. Thomas Wyatt Nigeria recorded the highest price gain of 8.77 per cent to close at 62 kobo per share.

International Breweries followed with a gain of 5.81 per cent to close at N4.55, while Pharma-Deko went up by 5.00 per cent to close at N2.10 per share.

LivingTrust Mortgage Bank went up by 4.90 per cent to close at N1.50, while Caverton Offshore Support Group  appreciated by 3.45 per cent to close at 90 kobo per share.

On the other hand, PZ Cussons Nigeria led the losers’ chart by 7.26 per cent to close at N11.50 per share.

Chams followed with a decline of 4.35 per cent to close at 22 kobo, while UPDC Real Estate Investment Trust (UPDCREIT) went down by 3.33 per cent to close at N2.90 per share.

FTN Cocoa processors lost 3.23 per cent to close at 30 kobo, while Africa prudential shed 2.73 per cent to close at N5.35 per share.

However, the total volume traded declined by 26 per cent to 76.749 million units, valued at N1.326 billion, and exchanged in 3,262 deals.

Transactions in the shares of GTCO topped the activity chart with 16.606 million shares valued at N352.214 million. United Bank for Africa (UBA) followed with 7.589 million shares worth N55.944 million, while Chams traded 4.152 million shares valued at N914,632.

Consolidated Hallmark Insurance traded four million shares valued at N2.440 million, while Zenith Bank transacted 3.776 million shares worth N90.676 million.

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