Unity Bank, Transcorp, Cornerstone Insurance Trigger NGX N9bn Gain
Trading commenced on the floor of the Nigerian Exchange Group (NGX) in the new week with a marginal gain of 0.04 percent, with Transnational Corporation of Nigeria, Linkage Assurance Plc, Cornerstone Insurance, Fidson Plc and Unity Bank Plc leading the NGX charge on Monday.
The All-Share Index (ASI) rose by 0.04 percent or 16.7 index point to close at 39,318.52 basis point, compared to its opening at 39,301.82 basis point.
Also, the Equities Captilization is closed trading at N20.568 trillion up from N20. 577 trillion, representing a N9 billion appreciation.
The market turnover increased by 14.9 percent, as investors traded 329. 739 million shares valued at N2.058 billion in 4,308 deals as against 287. 038 million shares worth N 3,038 billion in 3,578 deals bought and sold the previous trading session.
The market breadth came out positive with 25 gainers and 17 losers compared to nine laggard equities as against 32 stocks advancing on Friday.
The gainers’ table was dominated in percentage parameters by Transcorp and Linkage Assurance, gaining 10 percent to close at N0. 88 Kobo per share.
Cornerstone Insurance Plc rose by 9.62 percent to close at N0. 57 Kobo per share, while Fidson Plc surged by N4. 80 Kobo per share. Also, Unity Bank appreciated by 8.47 percent to close at N0. 64 per share.
Conversely, Conoil Plc led the losers’ table in percentage terms, falling by 9.33 percent to close at N17 per share.
Ikeja hotel and Sovereign Trust Insurance Plc declined 9.09 and 8 percent to close at N1 and N0. 23 Kobo per share respectively.
NAHCO Plc dipped 6.67 percent to close at N2. 10 Kobo per share, while Jaiz Bank shed 4. 67 percent to close at N0. 60 Kobo per share.
The NGX market activity table shows that Transcorp led the market in terms of volume, trading 92.540 million N81.283 million, while Guaranty Trust Bank was the most valuable equity at N513.548 million.
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