Domestic equities gain N80bn on first trading day
The domestic equity market on Monday opened on a positive note appreciating by N80 billion as gain in the shares of Nigerian Breweries, FBNHoldings United Bank for Africa, Nigerian Breweries and others lifted trading activities.
Market capitalisation of listed equities increased by 0.14 per cent to N56.536 trillion from N56.456 trillion reported the previous day.
The NGX All Share Index also surged 138.61 basis points to 98386.60 points from 98247.09 points recorded the previous day.
As a result, year to date return went up by 31.58 per cent as 32 companies closed in green while 20 firms recorded negative performance.
An analysis of the investment showed that FCMB and Mcnichols led gainers table with 10 per cent each to close at N8.80 and N1.87 per unit respectively. Fidelity Bank followed with a gain of 9.93 per cent to close at N14.95 per unit, Tantalizer added 9.84 per cent to close at N0.67 per share while Flour Mills gained 9.81 per cent to close at N55.40 per unit.
On the contrary, Berger Paint topped losers chart, dropping by 9.83 per cent to close at N21.10 per unit, Daar Communications followed with 9.33 per cent to close at N0.68 per unit, Deap Capital down by 9.09 per cent to close at N0.90 per unit, NSL Tech fell by 7.46 per cent to close at N0.62 per shares while Honey flour dipped by 5.12 per cent to close at N4.63 per unit.
Volume of trades increased by 256.208 million, representing 46.23 per cent as investors traded 810.429 million shares worth N8.293 billion in 10669 deals against 554.221 million shares worth N10.120 billion in 6670 deals.
Transactions in the shares of Mecure led market activities with 400.079 million shares valued at N2.780 billion, Transcorps followed with account of 66.802 million shares worth N726.779 million, Fidelity Bank traded 43.127 million shares cost N640.012 million, AccessCorp traded 25.086 million shares valued at N474.245 million, NPF micro finance banks exchanged 24.619 million shares worth N45.120 million.
