Transactions on the floor of the Nigerian Exchange (NGX) on Monday appreciated by N851 billion as an investment in the shares of FBNHoldings, Union Dicon, Sterling Bank Transcorp and others lifted market activities.
The market capitalisation of listed equities increased by 2.48 percent to N35.177 trillion from N34.326 trillion reported the previous day.
The NGX All Share Index also appreciated by 1562.82 basis points to 64603.69 points from 63040.87 points traded on Friday.
An analysis of the investment during the day showed that five listed companies recorded 10 percent gain. The report indicated that Jaiz Bank, MRS Plc, and Neimeth international Pharmaceutical gained 10 percent to close at N1.98 per unit, N109.45 per share, and N2.20 per unit respectively.
Daar Communications and Dangote Cement also added 10 percent each to close at N0.22 and N330.10 per unit respectively.
On the contrary, Pharm Deko topped the losers chart on Monday, declining by 9.85 percent to close at N1.83 per share, Union Dicon trailed with a drop of 9.50 percent to close at N8.10, Berger Paints down by 9.09 percent to close at N10.00, Guinea Insurance dropped by 7.69 percent to close at N0.24 per unit, Champion Breweries dipped by 5.43 percent to close at N4.35 per unit.
The volume of activities increased as investors traded 1.839 billion shares valued at N22.033 billion in 14584 deals against 1.227 billion shares cost N13.847 billion exchanged hands the previous day in 10393 deals.
Transactions in the shares of FBNHoldings led market activity with 198.221 million shares valued at N4.417 billion, Universal Insurance followed with an account of 184.655 million shares cost N53.464 million, Sterling Bank traded 161.679 million shares valued at N724.332 million, Transnational Corporation of Nigeria traded 156.417 million shares cost N706.915 million while AIICO Insurance sold a total of 98.321 million shares valued at N73.579 million.
