The nation’s equity market on Monday started the week on a bullish note, appreciating by N376 billion, as investors renewed interested in the shares of United Bank for Africa, Sterling Bank, AccessCorps, Nigerian Breweries, among other.
Market capitalization of listed equities increased by 0.63 per cent to N59.801 trillion from N59.425 trillion reported the previous day.
The NGX All Share Index also appreciated by 620.33 basis points to 97690.61 points from 98070.28 points recorded on Friday.
The positive performance in the market during the day was driven by gains in the shares of Oando Plc, GTCO Plc, Mecure, United Bank for Africa, Zenith Bank and 26 other companies
As a result year to date return improved further to 31.99 per cent as the market recorded 31 gainers against 17 losers.
An analysis of the investment showed that Daar Communications and Ikeja Hotel led gainers’ table with 10 per cent each to N0.66 and N7.70 per share respectively. Seplat Energy followed with a gain of 9.99 per cent to close at N5788.20 per share, PZ Cussonadded 9.90 per cent to close at N21.65 per unit, Champion Breweries gained 9.65 per cent to close at N3.75 per unit.