Equities market rises to 0.50%


By Philemon Adedeji

Trading activities in the stock market of the Nigerian Exchange Limited (NGX) on Monday closed on appreciation by 257.24 basis points or 0.50 per cent, following the investors like, Ecobank  Transnational Incorporated, Johnholts, Living trust Mortgage Bank and others that gained profit  during transaction.

From the data source of Nigerian Exchange Limited (NGX), All-Share index shows an appreciation to 0.50 per cent to close transaction at 51,962.86 index points compared with 51,705.61 index points it closed transaction on Friday

However, Market capitalisation still on appreciation which gained N138 billion to close trade at N28.013 trillion from N27.875 trillion it closed week on Friday.

From the data presented under the platform of NGX, trade volume largely increased to 70.7 per cent as investors bought and sold 266,513,989 million share valued by N2.602 billion and exchanged in 5040 deals.

On the advancers chart, the share price of Ecobank  Transnational Incorporated moved up by 9.79 per cent to close trade at N0.65 per share, as Johnholts which recorded as the second best price gainer rose by 0.06 kobo or 9.52 per cent closing at N0.69 per share while, Linkage Assurance grew by 9.43 per cent to close trade at N0.58 per share.

Okomu oil emerged as the fourth best gainer with 8.53 per cent to close at N210 per share and Cornest appreciated by 0.04 kobo increased to close trade at N0.66 per share

On the other hand, PZ cussion came as the overall decliner yesterday which declined by 10 per cent to close trade at N11.25 per share, followed by Eterna  PLC which dipped by 9.33 per cent to close trade at N6.80 per share.

Rt.briscoe recorded as the third most decliner down by 6.25 per cent or 0.03 kobo to close trade at N0.42 per share, ARDOVA dropped by 0.70 kobo or 5.09 per cent to close trade at N13.05 per share and NB which recorded as the last fifth decliner lost 3.42 per cent to close trade at N57.95 per share.

On the volume table, Living Trust Mortgage Bank topped which sold 64.658 million shares valued at N77.589 million, Followed by Transcorp traded 31.799 million shares worth N39.661 million while, Accesscorp accounted 29.268 million shares worth N27.516 million.

Oando transacted 27.724 million shares worth N16.241 million, and United bank of Africa traded 20.608 million shares value at N15.275 million

In yesterday market activities, Living Trust Mortgage Bank emerged as the highest traded stock on both volume and value side.