Equity market opens positive, gains N9bn
The local equity market Monday opened the week on a positive note, appreciating by N9 billion.
Market capitalisation of listed equities gained 0.02 per cent to close at N39.621 trillion from N39.612 trillion reported the previous day.
The NGX All Share Index also appreciated by 15.68 basis points to 72404.91 points from 72389.23 points traded on Friday.
A review of the investment showed that
Infinity Savings led gainers table, appreciating by 9.93 per cent to close at N3.10 per share, JohnHolt followed with a gain of 9.87 per cent to close at N2.45 per unit, Transco Hotel added 9.38 per cent to close at N51.30 per share, SCOA Plc gained 8.62 per cent to close at N1.89 per share, FTNCocoa added 7.53 per cent to close at N1.57 per share.
On the contrary,
ABC Transport recorded the highest loss during the day, shedding 8.89 per cent to close at N0.82 per unit, ETranzact trailed with a loss of 9.42 per cent to close at N6.25 per share, RTBriscoe fell by 8.33 per cent to close at N0.55 per cent, Sovereign Trust Insurance dipped by 7.69 per cent to close at N0.36 per share while TIP declined by 6.84 per cent to close at N1.09 per share.
Volume of activities increased by 17.095 million , representing 5.56 per cent as investors traded 324.249 million shares valued at N4.397 billion against 307.154 million shares cost N6.566 billion exchanged hands the previous day in 6016 deals.
Transactions in the shares of Mutual Benefits led market activities with 42.081 million shares valued at N20.361 million, United Bank for Africa followed with account of 28.716 million shares cost N689.912 million, Transacorp traded 24.091 million shares cost N166.970 million , Sterling Bank exchanged 20.214 million shares worth N85.035 million while Zenith traded 17.152 million shares valued at N635.319 million.
