Equity mark gains N673bn 

Domestic equity market Monday opened the week on a bullish note with it’s All Share Index (ASI) advancing by 1.30 per cent to close at N95768.12 points.

 

The NGX Index increased by 1,230.00 basis points from 94538.12 points reported on Friday.

 

Market capitalisation of listed equities also appreciated by N673 billion or 1.30 per cent to N52.408 trillion from N51.735 trillion reported the previous day.

 

An Analysis of the investment during the day showed that SUNU Assurance led gainers table, gaining 10 per cent to N1.98 per share, Dangote Cement followed with a gain of 9.99 percent to N592.60 per unit, Triple G gained 9.81 per cent to close at N2.35 per share, Eterna added 9.80 per cent to close at N25.20 per share. Cutix gained 8.89 per cent to close at N2.94 per unit.

 

On the contrary, Five companies depreciated by 10 per cent each at the close of transaction on Monday.

 

Cadbury Nigeria Plc, Flour Mills Nigeria Plc, UPL  gained 10 per cent each to close at N26.10 , N42.30 and N3.60 per share respectively. Mcnichols and Sovereign Trust Insurance also increased by 10 per cent to close respectively to N1.62 and 0.54 per share.

 

Investors traded 721.81 million shares valued at N14.41 billion in 15757 deals against 844.485 million shares worth N15.044 billion in 15255 deals.

 

Transactions in the shares of Transnational Corporation of Nigeria led volume of activities with 66.520 million shares valued at N1.230 billion, Veritas Kapital followed with account of 47.003 million shares worth N34.906 million, AccessCorp traded 40.009 million shares worth N1.170 billion, Universal insurance exchanged 38.875 million shares valued at N19.198 million while Japaul Gold traded 32.832 million shares cost N84.643 million.

 

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