Equity market opens week higher, gains N83bn
Agency Report
The nation’s equity market on Monday opened the week on a positive note, appreciating by N83 billion as gains in the shares of Aradel, Flour Mills Nigeria Plc, Eunisell, JohnHolt and others lifted market activities for the day.
Market capitalization of listed equities appreciated by 0.14 per cent to N59.003 trillion from N58.920 trillion it closed on Friday.
The NGX All Share Index also appreciated by 137.75 basis points to 97373.94 points from 97236.19 points reported the previous trading day.
The year to date return stood at 30.23 per cent as 24 companies closed in positive note against 27 firms that took negative direction.
A review of trading activities showed that Eunisell led gainers table with 10 per cent to close at N9.02 per unit, Aradel followed with a gain of 9.99 per cent to close at N533.80 per unit, John Holt added 9.98 per cent to close at N5.29 per unit, Deap Capital gained 9.35 per cent to close at N1.17 per unit, Custodian Insurance added 8.62 per cent to close at N12.60 per share.
On the contrary United Capital topped losers’s chart, dropping by 9.78 per cent to close at N16.15 per share Sovereign Trust Insurance trailed with a loss of 7.25 per cent to close at N0.64 per share, Prestige insurance down by 6.67 per cent to close at N0.56 per unit, Conhall Plc down by 5.88 per cent to close at N1.60 per share while Tripple G declined by 5.49 per cent to close at N1.72 per unit.
Volume of trades declined by 181.113 million, representing 37.81 per cent as investors traded 297.829 million shares valued at N7.517 billion in 9902 deals against 478.944 million shares worth N9.422 billion exchanged hands the previous day in 9015 deals.
Transactions in the shares of Sterling Bank led market activities with 36.131 million shares valued at N180.861 million, United Bank for Africa followed with 33.496 million shares cost N1.041 billion, Access Holdings traded 24.595 million shares valued at N590.090 million, Floor Mills Nigeria Plc traded 15.034 million shares cost N977.286 million while FBNHoldings exchanged 14.523 million shares cost N398.274 million.
