The domestic equity market yesterday opened the week on a positive note, gaining N38 billion as gains recorded in small and medium stocks lifted trading activities during the day.
Market Capitalisation of listed equities increased by 0.06 per cent to N63.203 trillion from N103.648 trillion reported the previous day.
The NGX All Share Index also appreciated by 61.91 basis points to 103648.24 points from 1035886.33 points traded the previous day.
The good performance recorded during the day was driven primarily as gains in the shares of AccessCorp, Cadbury Nigeria Plc, FBNHoldings Plc, Transnational Corporation of Nigeria, Zenith, Wapic, Daar Communications, Wema Bank and 40 other firms.
As a result, year to date return improved by 0.70 per cent as 48 companies closed in green while 19 firms took negative direction.
An analysis of the investment showed that Daar Communications, Wema Bank led gainers table with 10 per cent to close at N0.77 and N11.00 per share respectively, Honey Well Floor followed with a gain of 9.99 per cent to close at N8.37 per unit, Wapic Insurance gained 9.96 per cent to close at N2.98 per unit Lasaco Insurance u by 9.95 per cent to close at N4.09 per share.
On the contrary, Cutix Plc topped losers chart, dropping by 5.45 per cent to close at N2.60 per unit, Caverton Business Solutions trailed with a loss of 5.36 per cent to close at N2.65 per share, Jaiz Bank down by 5.23 per cent to close at N3.08 per unit, Champion Breweries down by 5.53 per cent to close at N4.00 per unit, Ikeja Hotel dipped by 4.26 per cent to close at N12.35 per share.
The volume of shares traded increased by 146.686 million , representing 20.68 per cent , as investors traded 855.965 million shares worth N13.249 billion in 16505 deals against 709.279 million shares valued at N8.243 billion exchanged hands the previous day in 13593 deals.
