Equity market opens week positive, gains N10bn

Trading activities on the floor of Nigerian Exchange NGX opened the week on a positive note, gaining N10 billion.

Market capitalisation of listed equities increased by 0.04per cent to N26.634 trillion from N26.624 trillion reported on Friday.

The NGX All Share Index also appreciated by 17.15 basis points to 48899.08 points from 48881.93 traded the previous day.

Investors traded 236.586 million shares valued at N2.517 billion in 3334 deals against 100.823 million shares worth N1.143 billion in 2440 deals. A review of the Investment during the day showed that Learn Africa led gainers table during the day,gaining 9.70 per cent to N1.81, Jaiz Bank followed with a gain of 9.20 per cent to N0.95, Scoa Plc gained 8.86 per cent to N0.86, SUNU Assurance added 7.14 per cent to N0.30, Japaul Gold gained 3.70 per cent to N0.28.

On the contrary, Royal Exchange topped losers chart, dropping 9.88 per cent to N0.73, Neimeth international Pharmaceutical trailed with a loss of 8.57 per cent to N1.28, Mansard fell by 4.52 per cent to N1.90, Courtvellle Business Solutions down by 2.17 per cent to N0.45 , UPDC dropped by 2.17 per cent to N0.90.

The result further showed that Access Corp was the most active stock during the day, exchanging 120.976 million shares valued at N1.028 billion, Jaiz Bank followed with account of 19.036 million shares cost N17.821 million, GTCO Plc traded 17.196 million shares valued at N361.311, FBNHoldings traded 12.039 million shares valued at N131.220, FCMB group sold a total of 8.597 million shares valued at N30.088 million.