Equity market extends gain with N334bn

Nigerian equity market on Monday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation rose further by1.73 per cent.

However, market breadth closed flat with 23 gainers against 23 decliners.

Consequently, the All-Share Index grew by 638.65 basis points or 1.73 per cent from 36,804.75 index points last Friday to 37,443.40.

The market capitalisation of equities appreciated by N334bn to close at N19.57tn from N19.24tn.

On the activity chart, the insurance sub-sector dominated in volume terms as 153.47 million shares exchanged in 766 deals.

The sub-sector was enhanced by the activities in the shares of AIICO Insurance Plc and AXA-Mansard Plc.

The premium sub-sector boosted by the activities in the shares of  UBA Plc and Zenith Bank Plc followed with 61.84 million units traded in 1,770 deals.

In all, investors exchanged a total of 427.06 million shares in 5,263 deals.


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