Domestic equity opens week positive, gains N263bn

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Domestic equities Monday opened the week bullish, gaining N263 billion.

Market capitalisation of listed equities increased by  0.71 per cent to close at N37.149 trillion from N36.886 trillion it closed on Friday.

The Nigeria Exchange (NGX)’s All Share Index (ASI) also appreciated by 481.43 basis points to 67877.17 million points from 67395.74 points recorded the previous day.

An analysis of the investment showed that Chams Plc, Northern Nigeria Flour Mills and Oando Plc led gainers table with 10 per cent each to close at N1.21, N14.85 and N12.10 per share respectively.

Stanbic IBTC followed with a gain of 9.58 per cent to close at N75.50 per unit, Lasaco Insurance gained 9.38 per cent to close at N2.10 per share.

On the contrary,  Omatek topped losers chart, dropping by 10 per cent to close at N0.36 per share, SkyAVN trailed with loss of 9.95 per cent to close at N25.35 per unit, Betaglass fell 9.93 per cent to close at N46.70 per share, Redstarex dipped by 8.50 per cent to N2.80 per unit, Courtvellle Business Solutions fell by 8.47 per cent to close at N0.54 per cent.

Volume of activities increased as investors traded 515.280 million shares valued at N8.925 billion in 8357 deals against 408.868 million shares valued at N5.233 billion in 6972 deals.