Equity market opens in positive note, gains N1.244trn

The domestic stock market on Monday closed on a bullish note as the NGX All Share Index pushed forward by 2272.79 basis points with the Exchange accounting for higher number of declining number of 38 stock against 25 advancing stock.

 

The NGX Index also appreciated by 2.22 per cent  to 104674 .67 points from 102401.88 points reported the previous day.

 

Market capitalisation listed equities increased by N1.244 trillion to N57.282 trillion to N56.038 trillion reported the previous day.

 

An analysis of the investment showed that Oando Plc led gainers table with 9.96 per cent to close at N13.80 per shares, Dangote Cement followed with a gain of 9.93 per cent to close at N763.00, Triple G added 9.89 per cent to close at N3.11 per unit, Berger paint increased by 9.81 per cent to close at N17.35 per share, Royal Express added 8.97 per cent to close at N0.85 per share.

 

On the contrary, Daar Communications and Ikeja Hotel topped losers chart, gaining 10 per cent to close at N0.81 and N6.75 respectively. Cadbury Nigeria Plc trailed with 9.80 per cent to close at N20.70 per share, NPF Micro Finance Bank down by 8.88 per cent to close at N1.95 per unit, Ellah Lakes fell by 8.48 per cent to close at N3.02 per share.

 

Volume of trades rose by 170.543 million, representing 32.84 per cent as investors traded 689.928 million shares valued at N25.937 million in 15887 deals against 519.385 million worth N8.850 billion exchange hands the previous day in 11301 deals.

 

Transactions in the shares of Japaul Gold led market activities during the day, with 83.864 million shares valued at N269.573 million, Transnational Corporation of Nigeria followed with account of 42.804 million shares worth N690.573 million, Zenith Bank traded 34.541 million shares cost N1.462 billion, AccessCorp exchanged 34.108 million shares worth N967.683 million while GTCO Plc sold a total of 33.344 million shares valued at N1.501 billion.

 

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