NSE sustains rally, lead indicators appreciate by 2.40%

 The Nigerian Equities market sustained previous day’s gains as lead indicators grew by 2.40 percent, compared to 2.27 percent gained on Tuesday.

Specifically, the All Share Index (ASI) added 705.11 points to close at 30,127.82 points, compared to 652.81 points added previously to close at 29,422.71 points.

Market capitalization likewise gained N240 billion to close at N10.347 trillion, compared to N224.2 billion added previously to close at N10.1 trillion.

Leading trading activity in the course of the day’s transactions were GTB which traded 96.3 million shares worth N2.2 billion, Access which exchanged 83.9 million shares valued at N523.4 million and Zenith Bank which sold 60 million shares worth N1.0 billion.

GSK Plc led the days 31 gainers with an appreciation of 10.16 percent or N1.68 to close at N18.21 per share, Transcorp Plc increased by 9.94 percent or 16 kobo to close at N1.77 per share, as Neimeth Pharmaceuticals Plc followed with a gain of 9.90 percent or 10 kobo to close at N1.11 per share. Champion Breweries Plc added 9.90 percent or 40 kobo to close at N4.44 per share, while Sterling Bank advanced by 7.95 percent or 12 kobo to close at N1.63 per share.

Conversely, DN Meyer Plc topped the days 16 losers as it depreciated by 4.08 percent or 4 kobo to close at 94 kobo per share, Conoil Plc lost 4.07 percent or 89 kobo to close at N20.96 per share while Continental Re-insurance Plc dropped 3.51 percent or 4 kobo to close at N1.10 per share. Livestock Plc fell by 2.56 or 3 kobo to close at N1.14 per share, as Tiger Brands plc depreciated by 2.21 percent or 11 kobo to close at N4.87 per share.

At the end of the day’s transactions, investors in 5,727 deals had traded a total of 541.9 million shares worth N7.930 billion compared to a total of 533.3 million shares valued at N6.8 billion traded in 5,736 deals previously.