The local equity market, on Tuesday sustained its bullish run, appreciating by N580 billion as it continued to exhibit a positive outlook towards medium and prominent stocks.
The market capitalisation of listed equities appreciated by 1.65 percent to N35.757 trillion from N35.177 trillion reported the previous day.
The NGX All Share Index also increased by 1065.60 basis points to 65669.29 points from 64603.69 points traded the previous day.
The NGX trading result for the day showed that five listed companies recorded price appreciation of 10 percent at the close of transactions on Tuesday.
FTNCocoa, Chellaram Plc, and Sovereign Trust Insurance gained 10 percent to close at N3.85 per share, N1.76, and N0.55 per unit respectively while Omatek and Transco Hotel also appreciated by 10 percent to close respectively at N0.66 and N39.50 per unit.
On the contrary, Chi Plc led the losers’ chart in percentage terms dropping 10 percent to close at N1.17 per share, Champion Breweries trailed with a drop of 9.89 percent to close at N3.92 per unit, Mcnichols declined by 9.33 percent to N0.68 per share, PZ Cusson down by 9.32 percent to N19.95 per unit, UPDC REIT dipped by 9.21 percent to close at N3.45 per unit.
The volume of trades increased by 994.285 million, representing 54.07 percent as investors exchanged 844.715 million shares valued at N9.412 billion in 8922 deals against 1.839 billion worth N22.033 billion in 14584 deals.
Transactions in the share of Chams Plc led the market activity during the day with 91.710 million shares valued at N117.148 million, FCMB group followed with account 78.678 million shares worth N551.898 million, Universal Insurance traded 75.008 million shares worth N22.953 million, United Bank for Africa traded 55.110 million shares cost N795.321 million while Transnational Corporation of Nigeria exchanged 51.162 million shares valued at N245.139 million.
