Domestic Equity sustains growth, gains N53bn

Trading activities on the floor of Nigerian Exchange on Monday opened in a positive trend, appreciating by N53 billion.

Market capitalisation of listed equities increased by 0.19 per cent to N26.914 trillion from N26.861 trillion it closed on Friday.

The NGX All Share Index also appreciated by 98.67 basis points to 49414.96 points from 49316.29 points traded the previous day.

But volume of transactions declined by 26.962 million or 25.99 per cent as investors traded 76.748 million shares valued at N1.325 billion in 3262 deals against 103.71 million shares worth N2.01 billion exchanged hands the previous day in 3280 deals.

An analysis of the investment showed that Thomas Way led gainers table during the day, appreciating by 8.77 per cent to N0.62, International Breweries followed with a gain of 5.81 per cent to N4.55, Pharm Deko added 5.00 to close at N2.00, Living Trust up by 4.90 per cent to N1.50, Caverton gained 3.45 per cent to N0.90.

On the contrary, PZ Cusson recorded the highest loss for the day, shedding 7.26 per cent to N11.50, Chams Plc trailed with a loss of 4.35 per cent to N0.22, UPDC Reits down by 3.33 per cent to N2.90, FTNCocoa fell by 3.23 per cent to N0.30 while Africa Prudential dipped by 2.73 per cent to N5.35.

The result further showed that GTCO Plc was the most active stock during the day, exchanging 16.606 million shares valued at N352.214 million, United Bank for Africa trailed with a loss of 7.588 million shares valued at N914,632 million, Chi Plc traded 4.000 million shares cost N2.440 million, Zenith Bank sold a total of 3.776 million shares cost N90.675 million.