Local Equities Market Gains N411 Billion on October 21

On October 21, the local equities market closed positively, appreciating by N411 billion. The market capitalization of listed equities rose by 0.26 percent to N159.667 trillion from N159.256 trillion the previous day.

The NGX All Share Index increased by 634.79 basis points to 245911.13 points from 245278.34 points recorded the previous day. The market was driven by gains in HBMNG, Nascon, and Unilever Nigeria Plc, among others.

The market breadth was positive with 27 advancers against 21 decliners, bringing the year-to-date return to 58.03 percent. AustinLaz led the gainers table with a 9.97 percent increase, closing at N3.53 per unit, followed by ABC Transport with a 9.92 percent gain, closing at N6.65 per share.

Conversely, Livestock Feeds topped the losers chart, dropping by 9.76 percent to close at N17.10 per unit. The volume of trades declined by 650,000 shares, representing 0.18 percent, while the value of transactions grew by 43.54 percent to N25.88 billion in 32,639 deals.