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Equities market advances further with 163bn gain

Guinness lead gainers, Morrison tops losers
Nigeria’s equities market on Tuesday, posted a growth of N163bn as total worth of all listed companies measured by the Market Capitalisation settled at N13.097trn.

The equities market recorded its sixth consecutive growth on Tuesday, while investors proceeded with positive reactions to improving macroeconomic narratives.

The All-Share Index consequently rose1.26 per cent from its opening figure of 37,525.38pts to close the day at 37,999.56pts, improving Year to Date returns to 42 per cent.

The price movement chart showed 31 gainers were paired against 20 losers.

Guinness Nigeria topped the day’s gainers with an increase of 10.25 per cent to close at N79.38 per share. Dangote Flour followed with an appreciation of 10.17 per cent to close at N6.39 per share and Nigerian Aviation Handling Company ended the day with a growth of 10 per cent to close at N3.41 per share.
CI Leasing improved by 9.09 per cent to close at N1.20, while Nestle emerged the top fifth gainer with a growth of 8.96 per cent to close at N1, 154.93 per share.

On the other hand, Morison led the day’s 27 losers as it declined 8.85 per cent to close at N1.03 per share, Caverton dropped 8.73 per cent to close at N1.15 and Conoil closed 5 per cent lower at N34.58 per share.
Presco also recorded a decline of 4.99 per cent to close at N70.78 per share, while Oando emerged the day’s top fifth loser with a decline of 3.85 per cent to close at N7.50 per share.

The volume of shares traded in 5,336 deals by investors, dropped to 218.2million units of shares from 254.5mn units traded on Monday, while value traded fell slightly to N5.1bn from N5.8bn worth of shares transacted in 4,600 deals during the previous session.

FCMB emerged the most traded with a turnover of 20.2 million shares worth N24.3m, Zenith was next with an exchange of 16.9 million shares valued at N416.5m and Sterling Bank sold 15.7million shares worth N15.7m. Guaranty Trust Bank accounted for 14.3 million shares valued at N571.8m, while UBA exchanged a total of 14.2 million shares worth N136.0m.

Afolabi Adesola

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