Equity market gains N10bn
Trading activities on the floor of Nigerian Exchange on Monday opened in a bullish run, appreciating by N10 billion as gain recorded in the small and medium stocks lifted market during the day.
Market capitalisation of listed equities increased by 0.15 percent to N62.861 trillion from N62.851 trillion it closed on Friday.
The NGX All Share Index also appreciated by 16.68 basis points to 102370.36 points from 102353.68 points reported the previous day.
The market was driven by gains in the shares of Oando Plc, Transnational Corporation of Nigeria, Zenith Bank, Wapco, Caverton Business Solutions, SCOA, Universal insurance and 25 others firms.
The year-to-date return stood at -054 per cent as 25 companies closed in red against 32 firms that took positive direction.
An analysis of the investment showed that Caverton Business Solutions led gainers table with 10 per cent to close at N2.42 per unit, Wapic Insurance followed with a gain of 9.91 per cent to close at N2.44 per share, SCOA Plc added 9.98 per cent to 9.68 per cent to close at N2.72 per share, UPDC and Universal Insurance gained 9.52 per cent each to close at N1.84 and N0.69 per share respectively.
On the contrary, Eunisell topped decliners chart, dropping by 9.99 per cent to N14.06 per unit, JohnHolt trailed with a loss of 9.63 per cent to close at N9.20 per unit, NSL Tech dipped by 8.99 per cent to close at N0.81 per share, Honey Well Flour declined by 7.58 per cent to close at N9.15 per unit, PZ Cusson fell by 6.00 per cent to close at N23.50 per unit.
Volume of trades increased by 998.161 million, representing 304.47 per cent as investors traded 1.326 billion shares valued at N17.6 billion in 13891 deals against 327.839 million shares worth N11.807 billion exchanged hands the previous day in 11905 deals.
Wema Bank plc was most active stock during the day, exchanging 980.037 million shares valued at N9.801 billion, Universal insurance followed with account of 31.318 million shares worth N21.201 million, AIICO Insurance traded 22.146 million shares cost N36.853 million, Oando Plc traded 19.817 million shares worth N1.481 billion, Zenith Bank exchanged 19.703 million shares valued at N925.982 million.
