The domestic equities market on Friday sustained a bullish trend, appreciating by N179 billion as bulls dominated trading activities.
The market capitalisation of listed equities increased by 0.20 per cent to N91.286 trillion from N91.107 trillion reported the previous day.
The NGX All Share Index also appreciated by 281.30 basis points to 143520.53 points from 143239.23 points traded the previous day.
The positive performance was as result of the gains recorded in the stocks of NGX group; Cadbury Nigeria Plc.; Ikeja Hotel; UBA; MTN Nigeria; EllahLakes; Wapco; Nigerian Breweries; GTCO Plc, and 24 others.
The market breadth was positive with 33 gainers against 21 decliners, bringing year to date return to 39.44 per cent.
The volume of trades went up by 1.501 billion, representing 462.63 per cent as investors traded 1.826 billion shares against 324.550 million units the previous day.
The value of transactions also rose by 53.49 per cent to settle at N20.032 billion.
An analysis of the transaction during the day showed that Ikeja Hotel led gainers table, growing by 10 per cent to close at N30.25 per unit; NGX group followed with a gain of 9.98 per cent to close at N56.20 per unit; Academy Press added 9.70 per cent to close at N7.35 per share; Omatek gained 9.35 per cent to close at N1.17 per share; Cadbury Nigeria Plc gained 8.63 per cent to close at N57.90 per share.
On the contrary, Abbey building Society topped the losers’ chart, dropping by 10 per cent to close at N5.85 per unit; Meyer Paint trailed with a loss of 9.97 per cent to close at N13.10 per share; SUNU Assurance dipped by 9.89 per cent to close at N3.92 per unit; Sovereign Trust Insurance declined by 9.09 per cent to close at N2.70 per share, while Linkage Assurance fell by 8.02 per cent to close at N1.72 per unit.
Trading in the shares of Cornerstone Insurance led market activities with 1.267 billion shares valued at N6.402 billion; Access Holdings company followed with account of 103.289 million shares worth N2.168 billion; EllahLakes traded 82.707 million shares cost N1.099 billion; Conhall Plc exchanged 59.138 million shares valued at N232.530 million, while United Bank for Africa exchanged 26.431 million shares cost N956.097 million.
