Equity market opens week positive on N10bn gain

By Cynthia Ezekwe

Transactions on the Nigerian Exchange (NGX) platform opened on a bullish note as a N10 billion gain was recorded on the opening day of the week.

Market capitalisation of listed equities on the exchange increased by 0.04 per cent to N26.634 trillion from N26.624 trillion reported at the close of the previous week..

Equity market opens week positive on N10bn gain

The NGX All Share Index(ASI) also appreciated by 17.15 basis points to 48899.08 points from 48881.93 traded the previous day.

Investors traded 236.586 million shares valued at N2.517 billion in 3334 deals against 100.823 million shares worth N1.143 billion in 2440 deals.

Learn Africa topped the gainers chart, climbing 9.70 per cent to N1.81, Jaiz Bank followed with a gain of 9.20 per cent to N0.95, Scoa Plc advanced 8.86 per cent to N0.86, SUNU Assurance added 7.14 per cent to N0.30, while Japaul Gold was up by 3.70 per cent to N0.28.

On the losers chart, Royal Exchange had the biggest loss as it depreciated by 9.88 per cent to N0.73, Neimeth international Pharmaceutical trailed with a loss of 8.57 per cent to N1.28, Mansard fell by 4.52 per cent to N1.90, Courtvellle Business Solutions was down by 2.17 per cent to N0.45 , while UPDC dropped 2.17 per cent to N0.90.

The transactions showed that Access Corp was the most active stock for the day, exchanging 120.976 million shares valued at N1.028 billion, Jaiz Bank followed with the record of 19.036 million shares cost N17.821 million, GTCO Plc traded 17.196 million shares valued at N361.311, FBNHoldings sold 12.039 million shares valued at N131.220, FCMB group traded a total of 8.597 million shares valued at N30.088 million.