Stock market opens on positive note, gains N20bn

Trading activities on the floor of Nigerian Stock Exchange yesterday close northward, appreciating by N20 billion.

Specifically, Market Capitalisation of listed equities increased by 0.10 per cent to N20.330 trillion from N20.310 trillion reported on Friday.

The NSE All Share Index also appreciated by 40.01 basis points to 38848.02 points from 38808.01 points recorded the previous day.

Investors traded 504.637 million shares valued at N32.101 billion in 4324 deals against 262.510 million shares worth N2.438 billion in 3528 deals.

An analysis of the transaction showed that FCMB group led gainers table during the day, gaining 9.77 per cent to N2.92 kobo, Northern Nigeria Flour Mills followed with a gain of 9.35 per cent to N5.85 kobo, UPL gained 9.35 per cent to N1.17 kobo, Honey Well Flour added 9.24 per cent to N1.30 kobo, Mutual Benefit up by 8.82 per cent to N0.37 kobo.

On the contrary, FTN Cocoa topped losers chart during the day, shedding 10 per cent to close at N0.45 kobo, Unity Bank trailed with a loss of 7.81 per cent to N0.59 kobo, Livestock Feeds fell by 5.41 per cent to close at N1.85 kobo, UAC Property declined by 5.06 to close at N0.75 kobo while Japaul Gold dipped by 4.47 per cent to N0.63 kobo.

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