Equity market opens week positive, gains N35bn

Trading activities on the floor of Nigerian Exchange yesterday opened on a positive note, appreciating by N35 billion.

Market capitalisation of listed equities increased by 0.12 per cent to N28.681 trillion from N28.646 trillion reported on Friday.

The NGX All Share Index also appreciated by 63.01 basis points to 52657.69 points from 52594.68 points traded the previous day.

An analysis of the Investment showed that John Holt led gainers table in a percentage terms, gaining 9.38 per cent to N1.05, NSL Tech followed with a gain of 9.09 per cent to N0.24, Chams Plc gained 7.69 per cent to N0.28. Geregu Power increased by 6.92 per cent to N148.40 while ABC Transport gained 6.90 per cent to N0.31.

On the contrary, Cornerstone recorded the highest loss during the day, declining by 10 per cent to N0.54, CWG trailed with a loss of 9.62 per cent to N0.94, Japaul Gold declined by 6.67 per cent to N0.28, Unity Bank fell by 5.17 per cent to N0.55, Courtvellle Business Solutions down by 4.00 per cent to N0.48.

Investors traded 143.74 million shares valued at N1.78 billion in 4074 deals against 443.752 million shares valued at N1.684 billion in 3100 deals

Transactions in the shares of FBNHoldings was the most active stock during the day, exchanging 19.656 million shares valued at N229.717 million,Chams Plc followed with account of 11.218 million shares valued at N3.109 million, GTCO Plc traded 10.990 million shares worth N264.992 million, Transnational Corporation of Nigeria exchanged 10.573 million shares cost N12.814 million, Sterling Bank traded 10.205 million shares cost N15.933 million.