Gains in 35 stocks lift market capitalisation by N95 billion

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The domestic equities market reversed losses to reopen upbeat, yesterday, as market capitalisation appreciated by N95 billion

, buoyed by gains in Unilever Nigeria Plc and 34 others.

On what will shape the market in the next trading session, analysts at Vetiva Dealings and Brokerage said: “Investors have taken a ‘wait-and-see’ approach to the market, as bargain-hunting sentiment dictates activity throughout this week. We expect to see a similar session in the market tomorrow, as investors continue to favor fundamentally sound names.”

C & I Leasing followed with a gain of 9.33 per cent to close at N3.28 kobo, while Veritas Kapital Assurance advanced by 9.09 per cent to close at 96 kobo. Tantalizer lost 4.17 per cent to close at 46 kobo, while Universal Insurance depreciated by 2.78 per cent to close at 35 kobo.

 

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