Domestic equity gains N28bn

At the close of trading activities on the floor of Nigerian Exchange (NGX) the All Share Index (ASI)  rose by 010 per cent to settle at 49889.80 points. The index increased by 53.29 basis points against 49836.51 points traded the previous day.

Market capitalisation of listed equities also increased by N28 billion to N26.908 trillion from N26.880 trillion reported the previous day.

Investors traded 229.120 million shares valued at N1.749 billion in 3575 deals against 367.340 million shares worth N3.237 billion exchanged hands the previous day in 3725 deals.

Activities in the Pharm Deko  led gainers table during the day, increasing by 7.43 per cent to N1.88, Chi Plc followed with a gain of 5.00 per cent to N0.63, UPDC gained 5.00 to close at N1.05 FCMB group added 4.92 per cent to N3.20, Fidelity Bank up by 4.39 per cent to N3.33.

On the contrary, Mutual Benefits Assurance recorded the highest loss during the day, shedding 9.38 per cent to N0.29, CWG trailed with a loss of 9.09 per cent to N0.90, Transnational Corporation of Nigeria down by 7.08 per cent to N1.05, Lasaco Insurance went down by 6.80 per cent to N0.96, Sterling Bank fell by 4.52 per cent to N1.48.