Nigerian equities market gains 0.15%

The Nigerian equity market appreciated 0.15% on Tuesday, on the back of gains recorded by the financial and consumer goods sectors, to close at 37.640.75 points being 55.5 points higher than 37585.25 points recorded on Monday.

The market capitalisation also appreciated by N29 billion to close at N19,621 trillion as against N19,592 trillion on Monday.

Tuesday’s trading saw a total of 229,009,903 shares with a market value of N2,730 billion traded in 3,678 deals.

Ikeja Hotel led the gainers’ table having gained N0.11k or 10% to close at N1.21k per share. It was followed by Linkassure with N0.07k or 10% gain to close at N0.77k, then Cadbury gained N0.75k or9.62% to close at N8.55k

On the other hand, Jaiz bank led the losers list after it lost N0.03k or 5.17% to close at 0.55k, followed by Verita soap which lost 0.01k or 4% to close at 0.24k and Unity bank lost N0.02k or 3.64% to close at N0.53k.

First City Monument Bank was the toast of investors for the day as it had the biggest volumes and value of traded shares of 40,704m shares worth N133,657m followed by Custodian with 15.814m shares valued at N95,690m.

Most of the indices performance was positive as four out of the five sub-sectors tracked closed in green. The banking index gained 0.25%, the Insurance index gained 2.22%, the Industrial index slightly rose by 0.0005% and the Consumer good index rose by 0.28% while the oil and gas index fell by 0.85%.