Nigerian equity market gains 0.07% after Easter holidays

The Nigerian equity market appreciated, after the two days Easter break, by 35.48 basis points or 0.07 per cent to close at 47,545.86 on Tuesday higher than 47,510.38 basis points recorded on Thursday.

Investors raked in N19 billion additional gain on market capitalisation to close at N25.633 trillion compared to Thursday’s N25.613 trillion.

Market sentiment as measured by market breadth, was negative as 31 stocks declined relative to 21 gainers.

MEYER PLC recorded the highest price gain of 10 per cent to close at N1.76k after gaining N0.16k. GUINNESS followed with a gain of 6.86 per cent to close at N74.80k after N4.80k on its share price, while NPFMCRFBK had 6.80 per cent to close at N2.20k per share after gaining N0.14k.

On the flipside, Academy, Union Bank declined by 9.72 per cent to close at N1.30k after losing N0.14k. JOHN HOLT followed with a loss of 9.30 per cent to close at N0.78k while JAPAUL GOLD depreciated by 9.09 per cent to close at N0.03k per share.

Tuesday’s trading ended with a total volume of 365.45 million units, valued at N7.10 billion exchanged in 5,790 deals.

Transactions in the shares of Fidelity Bank topped the activity chart with 33.757 million shares valued at N132.130 million.

Access Holdings followed with 23.960 million shares worth N247.074 million, while MTN Nigeria traded 22.152 million shares valued at N4.718 million.

(VON)