Equity market gains further, up 2.22%

Profit-taking, Tier-1 banks, stock market down, NGX
Equity market gains further, up 2. 22%The nation’s equity market on Monday extended gains, as the All-Share index closed at 2.22 per cent or 2569.79 to close at 104,674.67 point.
BRANDPOWER reports that the benchmark index closed at 102,104.88 on Friday.
Specifically, the market capitalisation gained N1.24 trillion to close at N57.282 trillion, compared with N56.038 trillion posted previously.
As a result, the year-to-date (YTD) return rose to 39.99 per cent.
Sustained buy interest in industrial heavyweights, such as Dangote Cement, BUA Cement and International Breweries kept the market in a positive terrain.
Meanwhile, investors exchanged 689.93 million shares valued at N25.94 billion in 15,887 deals.
However, market breadth closed negative with 37 declining stocks as against 21 advancing ones.
BRANDPOWER repots that Dangote Cement and Oando Plc led the gainers’ table by 9.96 per cent each, to  close at N13.80 and N763 per share respectively.
Tripple Gee &Company Ltd, rose by 9.86 per cent to close at N3.11,while Berger Paints Nigeria Plc garnered 9.81 per cent to close at N17.53 per share.
Also, Royal Exchange Plc gained 8.97 per cent to close at 85k per share.
On the losers’ table, Daar Communications and Ikeja Hotels led in percentage terms of 10 each, to close at 81k and N6.75 per share respectively.
Cadbury trailed by 9.80 per cent to close at N20.70 while Nigerian Police Force Microfinance Bank lost 8.88 per cent to close at N1.95 per share.
Ellah Lakes Plc also shed 8.84 per cent to close at N3.02 per cent per share.
On the volume chart, Japaul Gold Group led with 83.86 million shares valued at N269.57 million.
Transcorp Hotel followed with 42.80 million shares worth N690.44 million.
Zenith Bank sold 34.54 million shares worth N1.46 billion, while Access Corporation traded 34.11 million shares valued at N967.68 million.
Guaranty Trust Company Holdings (GTCO) transacted 33.34 million shares worth N1.5 billion.
Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 193.06 per cent.