Equity market gains N40bn
The domestic equity market on Monday opened week in bullish run, appreciating by N40 billion as bull dominated the market activities.
Market capitalisation of listed equities increased by 0.07 per cent to N55.165 trillion from N55.129 trillion reported the previous day.
The NGX All Share Index also appreciated by 63.83 basis points to 96037.28 points from 95973.45 points it closed on Friday.
The positive performance of the market was primarily driven by gain recorded in the shares of BUA foods, Dangote Sugar, FBNHoldings Eterna Plc, Oando Plc, Okomu oil , RTBriscoe and 21 others.
As result year to date return went up to 28.44 per cent as NGX printed 28 gainers against 18 losers.
A review of the trading activities during the day showed that Eterna Plc led gainers table with 10 per cent to close at N23.10 per unit, Okomuoil followed with a gain of 9.99 per cent to close at N379.80 per share, RTBriscoe gained 9.96 per cent to close at N2.98 per unit, Oando Plc added 9.93 per cent to close at N52.60 per share, Japaul Gold up by 9.73 per cent to close at N2.48 per share.
On the contrary, Transpower topped losers chart dropping by 9.99 per cent to close at N335.20 per unit, Abbey Building Society trailed with a loss of 9.69 per cent to close at N2.33 per unit, United Capital down by 8.35 per cent to N18.10 per unit, UPL dipped by 5.51 per cent to close at N2.40 per share, Unilever Nigeria Plc dropped by 5.26 per cent to close at N18.00.
Volume of trades increased by 63.24 million, representing 19.32 per cent as investors traded 390.512 million shares valued at N3.884 billion in 9242 deals against 327.276 million shares valued at N4.609 billion exchanged hands the previous day in 7351 deals.
Transactions in the shares of Veritas Kapital led market activities with 67.269 million shares valued at N90.254 million, Japaul Gold followed with 23.923 million shares cost N58.251 million, FCMB group traded 20.483 million shares worth N155.668 million, Prestige insurance exchanged 20.243 million shares valued at N10.283 million while Chams exchanged 18.320 million shares cost N38.769 million.
