Equity market opens bullish, gains N534bn

The nation’s equity market Monday opened the week on a positive note, appreciating by N534 billion as investment in the shares of United Bank of Africa, FCMB Access Bank and others lifted the market activity

Market capitalisation of listed equities increased by 1.60 per cent to N33.731 trillion from N33.197 trillion reported the previous day.

The NGX All Share Index also increased by 980.97 basis points to 61949.24 points from 60968.27 point traded on Friday.

A review of the investment during the day showed that JapaulGold, UPL and Fidelity bank led gainers table gaining 10 per cent each to close at N0.77 per cent, N2.75 and N7.70 per cent respectively, Meyer Paint and Eterna Plc also increased by 10 per cent each to close at N23.10 per share.