Equity market advances with N5bn gain

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The bulls maintained their grip on the market activities, following gains recorded majorly by blue-chip stocks as investors positioned to leverage undervalued stocks.

The key market performance measures, the NSE All Share Index and market capitalisation rose by 0.03 per cent as market sentiments extended, gaining streaks to the second day following investors’ sustained optimism.Consequently, the All-Share Index rose by 8.41 basis points or 0.03 per cent to close at 30.741.88 index points as against 30.733.47 recorded the previous day.

Volume in the sub-sector was driven by activities in the shares of Zenith Bank Plc and Access Bank Plc. Further analysis of the day’s trading showed that CHI Plc topped the gainers’ table with 8.82 per cent to close at 37 kobo per share while Prestige Assurance Plc followed with 7.41 per cent to close at 58 kobo per share and FCMB Plc with a gain of 5.17 per cent to close at N3.05 per share.

 

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