Equities investors gain N83.11bn on Monday

Equities trading on the Nigerian Stock Exchange (NSE) gained N83.11 billion to open the market on a bullish run on Monday as the market indicator grew by 0.73 per cent to close at 26,609.34 index points.

Having gained N83.11 billion, the market closed at N12.846 trillion, indicating a 0.65 per cent increase compared to N12.762 trillion recorded last Friday.

Leading the gainers’ chart, Eterna Plc, NEM Insurance and Union Diagnostic Plc shares all advanced by 10 per cent on the local bourse to close at N3.3, N2.42 and N0.22 respectively.

UACN Property gained 9.78 per cent to close at N1.01 as Wema Bank Plc added 9.38 per cent gain to close at N0.7.

Conversely, C&I Leasing Plc shed 10 per cent of its stock value to close at N5.4 being the worst-performing stock on the floor of the stock market today. Learn Africa Plc followed with 9.6 per cent loss to close at N1.13. Union Bank shed 9.56 per cent to close at N6.15 and Unity Bank also dipped 8.33 per cent to close at N0.66 while Trans-Nationwide Express rounded off the list with eight per cent loss to close at N0.92.

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At the end of trading, the stock market recorded 3,212 deals today, attracted trades of 382.81 million shares valued at N7.186 billion.

Shares of Transcorp Plc, GT Bank, Access Bank, UBA and Zenith Bank Plc was the toast of investors for the day as they account for the most actively traded stocks on the bourse.

Transnational Corporation was the most actively traded stock, having traded 138.9 million units of shares valued at N137.3 million across 81 deals followed by GT Bank, which traded in 48.4 million units of shares at N1.4 billion across 149 deals.

Access Bank attracted trades in 45.02 million units of shares valued at N437.6 million across 245 deals. UBA traded 39.3 million shares valued at N280.5 million across 217 deals while Zenith Bank capped the list with trades in 34.7 million units of shares at N640.8 million.

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