Equities market opens week positive, gain N193bn
Trading in Nigeria’s equity market opened week in a positive note, appreciating by N193 billion bulls dominated market activities
Market capitalisation of listed equities increased by 0.25 per cent to N76.532 trillion from N76.339 trillion reported on Friday
The NGX All Share Index also appreciated by 305.67 basis points to 121295.33 points from 120989.66 points reported the previous day.
The market sentiment remains positive as reflected by a strong market breath as 53 stocks recorded gains against 23 firms that closed negative.
As a result, year to date returns rose to 17.93 per cent.
An analysis of the shares traded for the day showed that four companies recorded 10 per cent gain at the close trading on Monday. Triple G, UPDC REIT gained 10 per cent to close at N2.97 and N7.15 per share respectively. Cadbury Nigeria Plc and EllahLakes also added 10 per cent each to close respectively at N53.35 and N8.91 per unit. Redstarex followed with a gain of 9.92 per cent to close at N9.20 per share.
On the contrary, Sunu Assurance topped losers’ chart during the day, declining by 10 per cent to close at N4.50 per unit, RTBriscoe trailed with loss of 9.59 per cent to close at N3.30 per unit, Prestige Insurance dipped by 9.09 per cent to close at N1.20 per share, UPDC fell by 8.23 per cent to close at N4.35 per share, Berger paint dipped by 7.58 per cent to close at N30.50 per unit.
Volume of transactions during the day declined by 99.767 million, representing 10.79 per cent as investors traded 824.102 million shares valued at N14.439 million in 24042 deals against 923.869 million shares cost N11.003 billion exchanged hands the previous day in 25680 deals.
Trading in the shares of Universal insurance led market activities with 71.921 million shares valued at N48.944 million, FCMB group followed with account of 61.384 million shares worth N564.776 million, Japaul Gold traded 53.340 million shares cost N136.083 million, Access Holdings company exchanged 42.022 million shares valued at N942.813 million while AIICO Insurance traded 40.101 million shares cost N64.841 million.
