Equity market resumes week on positive note, gains N52bn

The trading activities on the floor of Nigerian Exchange NGX on Monday closed northward, appreciating by N52 billion as gains recorded in the shares of Dangote Sugar, Eterna, Transcorp and others impacted on the performance of the market

Market capitalisation of listed equities gained 0.08 per cent to N66.769 trillion from N66.717 trillion reported the previous day.

The NGX All Share Index also appreciated by 83.31 basis points to 106621.91 points from 106538.60 trillion recorded the previous day.

The market which recorded 27 decliners against 32 advancers pushed the year-to-date return to 3.5 per cent.

An analysis of the trading during the day showed that Eterna Plc led gainers table with 9.96 per cent to N37.55 per unit, Transnational Corporation of Nigeria followed with account of 9.91 per cent to close at N51.55 per unit, FCMB group added 9.89 per cent to close at N10 per unit, Afriprudential gained 9.85 per cent to close at N36.25 per share, ABC Transport increased by 8.67 per cent to close at N1.63 per unit.

On the contrary, VFD group topped losers table with 9.92 per cent to N47.20 per unit, International General Insurance trailed with a loss of 8.72 per cent to close at N1.78 per unit, Cadbury Nigeria Plc dipped by 8.00 per cent to close at N2.92 per unit, Honey well flour declined by 7.06 per cent to close at N12.50 per unit.

Volume of shares traded increased by 15.803 million representing, 4.53 per cent as investors traded 364.968 million shares valued at N17.627 billion in 14565 deals against 349.165 million shares worth N9.135 billion exchanged hands the previous day in 11911 deals.

Transaction in the shares of Fidelity Bank led market activities with 56.413 million shares valued at N970.847 million, Access Holdings company followed with account of 30.422 million shares valued at N725.482 million, Zenith Bank traded 27.643 million shares cost N1.325 billion, Afriprudential exchanged 23.316 million shares valued at N834.196 million while United Bank for Africa traded 13.102 million shares cost N495.978 million.