Equities Market Gain N16.6 billion As Large Cap Stocks Rally

Stock Market Investors Lose N383bn In October
Equity transaction at the Nigerian Stock Market retained its upward trajectory on Wednesday, August 17, as bullish sentiments buoyed rally of highly capitalised stocks.
The impressive run in thee domestic equities market, saw the Market Capitalisation soaring by N16.6 billion to close at N9.423 trillion compared to increase of N24.9 billion recorded previously to close at N9.406 trillion.The performance further cut the year-to-date losses to 4.38 per cent.
Market breadth was positive, with 22 gainers versus 17 losers. ETI recorded the highest price gain of 8.71 per cent, to close at N11.48 per share. Eterna and NPF Microfinance Bank gained 4.17 per cent each to close at N2.50 and N1 per share, respectively.
Total volume traded appreciated by 26.11 per cent to 297.48 million shares, worth N2.29 billion, and traded in 3,438 deals.Transactions in the shares of Access Bank topped the activity chart 65.99 million shares worth N363.27 million.

United Bank for Africa followed with account of 57.06 million shares valued at N248.34 million, while Guaranty Trust Bank traded 32.28 million shares.

The total value of stocks traded on the Nigerian Stock Exchange, NSE, on Wednesday was N2.29 billion, up by 2.7 percent from N2.23 billion recorded on Tuesday.

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