Domestic equity market Monday opened on a positive note, gaining N63 billion as sell offs in shares of FBNHoldings, Zenith, GTCO, UDPCReits and others lift equity market.
Market capitalisation of listed equities increased by 0.24 per cent to N26.291 trillion from N26.228 trillion reported the previous day. The NGX All Share Index also appreciated by 115.58 basis points to 48270.23 points from 48154.65 points traded on Friday.
Investors traded 645.025 million shares valued at N4.190 billion in 3486 deals against 159.833 million shares worth N5.045 billion exchanged the previous day.
A review of the investment showed that Guinness Nigeria Plc led gainers table during the day, gaining 10 per cent to N69.30, Eterna Plc followed with a gain of 8.78 per cent to 6.44 per cent, Royal Exchange gained 8.35 per cent to N0.78, Linkage Assurance added 7.50 percent to N0.43, Presco Plc increased by 6.64 per cent to N120.50.
On the contrary, Geregu topped losers chart during the day, dropping by 9.85 per cent to N110.70, SCOA Plc trailed with a loss of 9.43 per cent to N0.96, Thomas Way gained 9.09 per cent to N0.40, RTBriscoe fell by 7.41 per cent to N0.25, Lasaco Insurance down by 4.49 per cent to N0.85.
The result further showed that UPDC REIT was the most active stock during the day, exchanging 460.705 million shares valued at N1.612 billion, FBNHoldings followed with account of 83.791 million shares cost N921.725 million, Zenith Bank Plc traded 11.505 million shares valued at N258.541 million, Transnational Corporation of Nigeria exchange 10.461 million shares cost N12.295 million while GTCO Plc sold a total of 8.253 million shares cost N176.622 million.
