Equities Market Gain N56billion on Stronger Investors’ Appetite

The Nigerian Equities Market on Monday, August 22, held on to the bullish momentum that rocked the floor of the bourse on Friday, August 19, leading market indices to significant gains.
 The bourse, yesterday, reopened with healthier investors’ appetite, pushing the Market Capitalisation, the total market value of all publicly quoted firms on the NSE to a gain of N55.5 billion.
After rallying N138 billion gain last week, the market closed the day at N9.552 trillion compared to N78.8 billion gained in previous session when it closed at N9.496 trillion.

With nearly two gainers against every loser, aggregate market value of all quoted equities on the Nigerian Stock Exchange (NSE) rose from N9.496 trillion to close at N9.552 trillion. T

The appreciation recorded in the share prices of UBA, Seplat, Access Bank, GT Bank and Nigerian Breweries were mainly responsible for the gain recorded in the NSE ASI. Year-to-Date, the ASI depreciated by 2.90 per cent.

The total value of stocks traded on the floors of The NSE today was N2.83bn, up by 2.09 per cent from N2.77bn recorded last Friday. The total volume of stocks traded was 216.17mn in 3,316 deals.

Generally, investors ended the session by trading 216.172 million shares valued at N2.826 billion in 3,316 deals as against 314.603 million shares worth N2.768 billion shares that exchanged hands the previous session.

 

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