Equities extend gain by N16bn

The market capitalization opened yesterday at N9.946 trillion appreciated by N27 billion to close at N9.962 trillion.
The benchmark index gained 48.60 basis points or 0.16 per cent to close trading season at 29,907.66 points.
Market turnover closes negative as volume moved northwards by 48.15 per cent against 77.44 per cent uptick recorded in the previous session. Access Bank Plc, Unilever Nigeria Plc and Diamond Bank Plc were the most active to boost market turnover. Unilever Nigeria Plc and Nigerian Breweries top market value list.
The NSE Banking Index records 0.35 per cent loss to emerge the most supportive sectoral index among others while NSE the Industrial Index emerged as worst hit to close with 0.31 per cent.
Market breadth closed positive as Ikeja Hotel Plc led 23 gainers against 18 losers topped by Red Star Express Plc at the end of the trading which was an unimproved performance when compared with previous outlook.
Ikeja Hotel Plc led other stocks on the gainers chart with a gain of 9.89 per cent to close at N3.00 kobo per unit.