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The local equities market on Tuesday closed on a positive note, appreciating by N411 billion.
Market capitalisation of listed equities rose by 0.26 per cent to N159.667 trillion from N159.256 trillion traded the previous day. The NGX All Share Index also appreciated by 634.79 basis points to 245911.13 points from 245278.34 points recorded the previous day.
The market was driven by gains in HBMNG, Nascon, Unilever Nigeria Plc among others.
The market breath was positive with 27 advancers against 21 decliners bringing year to date return to 58.03 per cent.
An analysis of the investment showed that AustinLaz led gainers table with 9.97 per cent to close at N3.53 per unit, ABC Transport followed with a gain of 9.92 per cent to close at N6.65 per share, Cutix Plc added 9.91 per cent to close at N2.33 per share, Thomas Wyatt gained 9.77 per cent to close at N2.92 per unit, Caverton Business Solutions up by 9.70 per cent to close at N4.50 per unit.
On the contrary, Livestock Feeds topped losers chart, dropping by 9.76 per cent to close at N17.10 per unit, Guinea Insurance trailed with a loss of 7.78 per cent to close at N0.83 per unit, NPF Micro Finance Bank dipped by 5.75 per cent to close at N4.10 per unit, Mutual Benefits down by 4.69 per cent to close at N3.05 per share. AIICO Insurance declined by 3.00 per cent to close at N3.80 per unit.
Volume of trades declined by 650,000, representing 0.18 per cent as investors traded 348.75 million shares against 349.40 million reported the previous day.
Value of transactions grew by 43.54 per cent to settle at N25.88 billion in 32639 deals.
Trading in the shares of UBA led market activities with 48.141 million shares valued at N2.118 billion, FCMB followed with account of 30.115 million shares cost N328.314 million, Zenith Bank traded 21.009 million shares worth N2.594 billion, GTCO Plc traded 16.065 million shares cost N1.790 billion while Dangote Sugar exchanged 9.271 million shares valued at N619.030 million.
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