Domestic equities sustain growth, gain N32bn

Activities in the domestic equities market sustained growth profile Wednesdays as the index appreciated by 0.12 per cent to close at 49475.43 points from 49416.18 traded the previous day.

Also, investors gained N32 billion in value as market capitalisation of listed equities went up to close at N26.915 trillion from N26.915 trillion reported on Tuesday.

UPL recorded the highest price gain during the day, appreciating by 9.83 per cent to close at N1.90, Thomas Wyatt followed with a gain of 9.68 per cent to N0.68, Africa Prudential gained 9.35 per cent to N5.85, and Champion Breweries added 4.88 per cent to N4.30, Chams pls increased by 4.76 per cent to N0.22.

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On the contrary, Japaul Gold topped losers chart during the day, shedding 3.70 per cent to N0.26, Mutual Benefits Assurance trailed with a drop of 3.45 per cent to N0.28, FTNCocoa dipped by 3.33 per cent to N0.29, Wema Bank Plc fell by 2.73 per cent to N3.21, Wapic Insurance declined by 2.44 per cent to N0.40.

However, the total volume traded increased by 310.77 per cent to 411.150 million units, valued at N6.347 billion and exchanged in 3,262 deals, against 100.093 million shares cost N1.295 billion traded in 3186 deals on Tuesday.

The result further showed that UPDC REIT was the toast of investors, trading 245.330 million shares valued at N760.474 million, FBNHoldings followed with account of 55.926 million shares valued at N610.992 million, Geregu traded 25.042 million shares cost N2.629 billion, Zenith Bank sold a total of 7.619 million shares valued at N185.842 million, GTCO Plc traded 6.866 million shares valued at N151.461 million.