Equities trading begins week on bullish note       

Toyin Ajadi

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Trading activities on the Nigerian equities market closed on a positive note on Monday as the all share index inched up by 0.12% to close at 52,657.69 points being 63.01 points higher than last Friday’s 52,594.68 points.

 

In similar vein, the market capitalisation appreciated by N35 billion to close at N28,681 trillion as against N28,646trillion at the close of trading last week.

 

The day’s trading ended with 143.73 million shares worth N1.77 billion traded in 4,078 deals.

 

The market sentiment for the day was also positive as the market closed with 18 gainers relative to 13 losers.

 

Top on the gainers table for the day was John Holt with 9.38% appreciation and a closing price of N1.05k.

 

It was followed by Secure Electronic Technology with 9.09% gain and a closing price of N0.24k and Chams gained 7.69% to close at N0.28k.

 

On the other hand, Cornerstone Insurance Company came out last with 10% loss to close at N0.54k followed by computer warehouse Group with 9.62% loss and a closing price of 0.94k then Japaul Gold and Ventures lost 6.67% to close at N0.28k.

 

FBN Holdings had the highest volume of shares for the day at 19.7 million and was followed by Chams with 11.2 million traded shares.

 

 

 

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