The equity market yesterday continued its positive trends with investors’ net worth appreciating by N265 billion on bargain hunting.
The positive performance was due to investors’ buy interest in the stocks of Tier-one banks
The market capitalisation rose by N265 billion or 0.62 per cent, to close at N42.694 trillion, as against N42.429 trillion recorded on Wednesday.
Consequently, the benchmark of the All-Share Index rose by 0.62 per cent or 482.97 points to close at 78,020.54 as against 77,537.57 recorded previous session.
The Year-to-Date (YTD) return rose to 4.34 per cent.
Meanwhile, a total of 984.19 million shares valued at N11.16 billion were exchanged in 12,976 deals.
Accordingly, market breadth closed positive, as activities indicated that trade turnover settled higher relative to the previous session.
Investors buying interest in Tier-one banks namely, Zenith Bank, Guaranty Trust Holding Company (GTCO) and Dangote Sugar was responsible for the improved performance.
