Equities sustain lifts with N211bn gain | Dailytrust

Equities sustain lifts with N211bn gain

The stock market has sustained its lifts on Tuesday after the investors gained N211 billion and the all-share index advanced 1.3 per cent to settle at 32,647.10 points due to gains in MTNN (+4.1%), Stanbic (+4.4%) and Zenith (+2.3%).

Consequently, market capitalisation rose to ₦17.1 trillion while year to date return improved to 20.6%.

Activity level decreased as volume and value traded declined by 9.0% and 6.1% to 578.8m units and ₦7.7bn respectively.

The most traded stocks by volume were Zenith (67.9m units), FBNH (64.7m units) and Access (60.2m units) while Zenith (₦1.6bn), GTB (₦1.2bn) and Dangote Cement (₦556.3m) led by value.

All six sectors under review closed positive. The Insurance and AFR-ICT indices led the pack, appreciating 3.3% and 2.3% respectively following gains in Custodian (+1.8%), LINKASSURE (+8.9%), and MTNN (+4.1%).

Investor sentiment as measured by market breadth declined to 3.5x from the 4.5x recorded in the previous day as 39 tickers gained against the 11 that declined.