Stock Market Extends Gain With N334bn

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equity market on sustained its positive outlook as overall performance measures, NSE ASI and market capitalisation rose by1.73 per cent.

However, market breadth closed flat with 23 gainers against 23 decliners.

Consequently, All-Share Index grew by 638.65 basis points or 1.73 per cent from 36,804.75 index points last Friday 37,443.40.

market capitalisation equities appreciated by N334bn close at N19.57tn from N19.24tn.

On the activity chart, the insurance sub-sector dominated in volume terms as 153.47 million shares exchanged in 766 deals.

The sub-sector enhanced by the activities in the shares AIICO Insurance Plc and AXA-Mansard Plc.

The premium sub-sector boosted by the activities in the shares UBA Plc and Zenith Plc followed with 61.84 million units traded in 1,770 deals.

In all, investors exchanged a total of 427.06 million shares in 5,263 deals.

analyses of the day’s trading showed BOC Gases Plc led the gainers with 10 per cent close at N7.92 per share while Cement Plc followed with 9.98 per cent to close at N230.40 per share and Oando Plc with a gain of 9.87 per cent to close at N3.45 per share.

On the flip side, Eterna Plc led the losers’ chart with a drop of 9.89 per cent to close at N4.10 per share.

Tranex Plc followed with a loss of 9.20 per cent to close at 79 kobo per share while Chams Plc dropped by 8.70 per cent to close at 21 kobo per share.