The Nigerian equities market closed bullish on Thursday, leading to N190 billion in gains for investors.
The positive performance was driven by strong buying interest in stocks like Cileasing, Guinness Nigeria, Livingtrust Mortgage Bank, Etranzact, Regency Alliance Insurance, and 36 other stocks.
Specifically, the market capitalisation, which opened at N88.813 trillion, added 190 billion, or 0.21 per cent to close at N89.003 trillion.
The All-Share Index also gained 0.21 per cent or 300.49 points, to settle at 140,665.85 against 140,365.36 recorded on Wednesday.
Also, the market breadth closed positive with 41 gainers against 12 losers.
On the advancers’ side, Guinness Nigeria, Cileasing, and Livingtrust Mortgage Bank led with 10 per cent each, ending the session at N143, N6.60, and N4.62 per share, respectively.
Etranzact rose by 9.68 per cent, closing at N13.60, while Regency Alliance Insurance soared by 9.42 per cent, finishing at N1.51 per share.
Conversely, NEM Insurance led the decliners’ table by 9.94 per cent, settling at N28.10, and AXA Mansard Insurance dropped by 4.76 per cent, ending the session at N15.99 per share.
Computer Warehouse Group fell by 4.71 per cent, settling at N16.20, while Ellah Lakes dipped by 4.29 per cent, finishing at N13.40 per share.
Similarly, Consolidated Hallmark Holdings dropped by 4.28 per cent, closing at N4.03 per share.
An analysis of the market activity revealed a decline across the market volume, value, and deals as 378.2 million shares valued at N12.4 billion were exchanged across 22,935 transactions.
This is in contrast to 767.7 million shares worth N40.64 billion that were traded in 24,837 deals earlier on Wednesday.
Meanwhile, transactions in the shares of Ja Paul Gold topped the activity chart in volume with 42.1 million shares worth N111.9 million.
Zenith Bank followed with 27.9 million shares valued at N1.87 billion, while United Bank for Africa sold 27.3 million shares worth N1.3 billion.
Access Corporation transacted 25.3 million shares valued at N669.1 million, and Nigerian Breweries traded 18.5 million shares worth N1.3 billion.
(NAN)
