The domestic equities market on Thursday sustained its positive start to the year as gains in MTN Nigeria Communications (MTNN) Plc and 47 others pushed the overall capitalization up by N264 billion.
The NGX All-Share Index (ASI) gained 482.97 basis points or 0.62 percent to close at 78,020.54 basis points, setting a new record.
Also, market capitalisation rose by N264 billion to close at N42.694 trillion.
As measured by market breadth, market sentiment was positive, as 48 stocks gained relative to 23 losers.
Learn Africa and Wema Bank emerged as the highest price gainers of 10 percent each to close at N3.19 and N6.71 respectively, while Transcorp followed with a gain of 9.93 percent to close at N11.51, per share.
Ikeja Hotel rose by 9.92 percent to close at N7.98, while Sterling Financial Holdings Company appreciated by 9.83 percent to close at N5.25, per share. On the other side, Multiverse Mining & Exploration led others on the losers’ chart with 9.97 percent to close at N20.22, per share. Meyer followed with a decline of 9.75 percent to close at N3.24, while Tripple Gee & Company shed 9.30 percent to close at N1.95, per share.
John Holt lost 8.62 percent to close at N2.12, while Associated Bus Company depreciated by 8.25 percent to close at 89 kobo, per share.
The total volume traded rose by 6.11 percent to 984.194 million units, valued at N11.162 billion, and exchanged in 12,976 deals. Transactions in the shares of FCMB Group led the activity with 106.813 million shares worth N957.534 million. Fidelity Bank followed with an account of 103.058 million shares valued at N1.306 billion, while Unity Bank traded 75.788 million shares valued at N156.245 million.
Sterling Financial Holdings Company traded 71.562 million shares worth N373.179 million, while Universal Insurance traded 43.698 million shares worth N12.844 million.
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