The local equity market on Monday opened the week on a positive note, gaining N262 billion following profits recorded by BUAFoods, Dangote Sugar, Livestock Feeds, Transnational Corporation of Nigeria among others.
The market capitalisation of listed equities appreciated by 0.74 per cent to N35.684 trillion from N35.422 trillion reported the previous day.
The NGX All Share Index (ASI) also appreciated by 481.32 basis points to 65202.41 points from 64721.09 points traded on Friday.
An analysis of the investment showed that JohnHolt led gainers table with 9.66 per cent to close at N1.59 per unit, SCOA Plc followed with a gain of 9.40 per cent to close at N1.28 per unit BUAFoods added 9.29 per cent to close at N152.90 per share, Mansard added 6.85 per cent to close at N3.90 per unit, Livestock gained 6.82 per cent to close at N1.88 per share.
On the contrary, Tantalizer recorded the highest loss in per cent age terms, shedding 10 per cent to close at N0.36 per share, Omatek trailed with a loss of 9.09 per cent to close at N0.30 per unit, Jaiz Bank fell by 7.78 per cent to close at N1.54 per unit, Chi Plc failed by 7.61 per cent to close at N0.85 per share, Cornerstone Insurance dipped by 6.15 per cent to close at N1.22 per unit.
The volume of trades declined by 305.985 million, representing 56.91 per cent as investors traded 231.599 million shares valued at N3.992 billion in 5494 deals against 537.584 million shares worth N9.394 billion exchanged hands the previous day in 5893 deals.
Transactions in the shares of Transnational Corporation of Nigeria (Transcorps) led market activities during the day with 36.837 million shares valued at N159.312 million, Universal insurance followed with account of 16.989 million shares cost N3.611 million, GTCO Plc traded 15.442 million shares worth N563.447 million, Jaiz Bank traded 14.464 million shares cost N22.895 million, Chi Plc exchanged 12.754 million shares valued at N10.690 million.
