Equity market increases by N1.854trn

Transactions on the floor of Nigerian Exchange (NGX) Monday saw market capitalizationincrease by N1.854 trillion as listing of 40.000 million shares of Transpower on the Exchange boosted the market activities.

As a result Market capitalisation of listed equities increased by 3.431 per cent to N55.889 trillion from N54.035 trillion reported the previous day.

The NGX All Share Index also went up by 95.91 basis points to 98847.89 points from 98751.98 points traded the previous day.

An analysis of the Investment showed Transnational Corporation of Nigeria led gainers table with 9.94 per cent to close at N15.70 per unit, PZ Cusson followed with a gain of 9.93 per cent to close at N37.10 per share, Neimeth international gained 9.88 per cent to close at N1.89 per unit, Juli Pharmaceutical added 9.87 per cent to close at N4.12 per unit Conhall Plc up by 9.29 per cent to close at N1.52 per share.

On the contrary, Unity Bank, Vitafoam Nigeria Plc, Dangote Sugar topped chart with 10 per cent each to close at N1.98, N22.95 and N53.10 per share respectively, Nascon fell by 8.55 per cent to close at N53.50 per unit, MTN Nigeria down by 7.82 per cent to close at N185.00 per unit.

Volume of transactions increased by 62.219 million , representing 16.87 per cent an investors traded 429.639 million shares worth N19.924 billion in 10748 deals against 367.620 million shares valued at N6.782 billion exchanged hands the previous day in 9168 deals.

Transnational Corporation of Nigeria led market activities with 203.432 million shares valued at N3.186 billion , Transpower followed with 40.000 million shares cost N10.560 million, United Bank for Africa traded 19.588 million shares cost N448.026 million.

AIICO Insurance exchanged 12.671 million shares worth N13.085 million while AccessCorp traded 12.390 million shares worth N259.935 million.