Domestic equities open positive, gain N2.324trn

Trading on the floor of Nigerian Exchange (NGX) on Monday opened week on a positive note, appreciating by N2.324 trillion as gains in large stock impacted positively on the stocks performance.

Market capitalisation of listed equities increased by 1.44 per cent to N163.917 trillion from N161.593 trillion recorded the previous day.

The NGX All Share Index also up by 3579.66 basis points to 252456.74 points from 248877.22 points reported the previous day.

Although the market breath was negative with 20 gainers against 28 losers , gains in the shares of Dangote Cement, TransPower, AccessCorp, Oando Plc Fidelity and others wipe out losses in UPL, TIP Zichis, bringing year to date return higher to 62.23 per cent 

An analysis of the trading during the day showed that Mansard Insurance led gainers table with 9.75 per cent to close at N12.95 per unit, Sovereign Trust Insurance followed with a gain of 9.74 per cent to N2.14 per unit, Dangote Cement added 9.61 per cent to close at N1469.90 per unit, Oando Plc increased by 8.46 per cent to close at N35.90 per share, Fidelity Bank grew by 6.85 per cent to close at N24.95 per unit.

On the contrary, Thomas waytt topped losers chart, dropping by 9.62 per cent to close at N2.35 per unit, UPL trailed with a loss of 8.70 per cent to close at N4.20 per share, FTG Insurance dipped by 7.38 per cent to close at N1.38 per share, TIP declined 6.88 per cent to close at N25.05 per unit, Zichis sheds 5.59 per cent to close at N16.05 per share.

Further analysis indicated that Volume of trades up by 75.65 million shares, representing 20.31 per cent as investors traded 453.31 million shares against 377.66 million shares recorded the previous day. Valued of transactions up by 13.69 per cent to settle at N30.55 billion in 42891 deals.

Trading in the shares of Chams Plc led market activities with 72.613 million shares valued at N2222.639 million, FirstHoldco followed with account of 42.136 million shares cost N4.561 billion, Access Holdings Company exchanged 39.009 million shares valued at N1.057 billion, Japaul Gold traded 33.107 million shares valued at N80.591 million while Honey Well Flour exchanged 25.111 million shares cost N728.591 million