Lagos — Activities on the Nigerian Stock Exchange retained its recovery streak yesterday on the heels of three days unsteady movement in the major performance indicators.

The equity capitalisation between Monday and Wednesday swung from N5.064 trillion to 5.047 trillion, while the all share index had remained in the 21,400 points region in the three days.

However, at the end of transactions yesterday, the indicators consolidated on the gains recorded on Wednesday with the equity capitalisation rising by N54 billion or 1.07 per cent, while the all share index rose by 101.02 basis points or 0.5 per cent, from 21,467.26 points to 21,568.28 points.

The rise in market capitalisation was occasioned by the listing of 10 billion ordinary shares of Guaranty Trust Assurance and some blue chip gains.

33 stocks recorded price appreciation as against 32 that featured on the price losers' chart.

PZ Cusson recorded the highest share price gain, rising by 50k to close at N23 per share, followed by Zenith Bank Plc. with 49k increase to close at N14.50k per share.

United Bank for Africa (UBA), ranked third, appreciating by 45k to close at N12.50k per share; DangFlour added 31k to its share price to close the day at N6.67k, while ETRANZACT that closed the list of top five gainers' chart, garnered 29k to close at N6.11k per share.

Conversely, one of the petroleum marketing majors, Conoil, led on the flip side with N1.75k loss to close at N33.32k per share. Mobil Oil trailed behind with N1.50k loss to close at N95 per share.

Flour Mill Nigeria Plc. followed with 87k loss to close at N32.13k per share; Julius Berger depreciated by 51k to close at N28.40k per share, while Guaranty Trust Bank that was the last on top five losers' chart, slipped by 50k to close at N16 per share.

The banking sub-sector emerged investors' toast in volume terms, accounting for 332.4 million shares valued at N3.11 billion exchanged in 3,265 deals. The insurance sub-sector closed as the second most traded sub-sector with 143.5 million shares valued at N120.7 million exchanged in 683 deals, while the Food/Beverage & Tobacco sub-sector placed third with traded volume of 53.56 million shares valued at N421.3 million done in 924 deals.

First Bank of Nigeria (FBN) was the most patronised in the banking sub-sector, as 141.2 million shares valued at N1.98 billion were exchanged in the bank in 826 deals.

Goldlink Assurance buoyed activity in the insurance sub-sector with 63.12 million shares worth N31.56 million done in 25 deals, while Dang Flour mill Plc. boosted activity in Food/Beverage sub-sector with 35.4 million shares worth N232.68 million in 634 deals.

In all, investors staked N4.01 billion on 574.77 million shares exchanged in 6,346 deals.