The successful inauguration of the 10th National Assembly on Tuesday impacted positively on Nigeria’s capital market as the equity market appreciated by N1.216 trillion.
Market capitalisation of listed equities increased by 3.99 per cent to N31.670 trillion from N30.454 trillion it closed on Friday.
Also, the NGX All Share Index also appreciated 2232.58 points to 58163.55 points from 55930.97 points traded the previous day.
Meanwhile, an analysis of the trading activities during the day showed that GTCO Plc Lasaco Insurance Plc, Nascon led activities with a gain of 10 per cent to close at N30.80, N1.98 and N17.05 per unit respectively. Zenith Bank and Access Corp also closed higher with 10 per cent each to N30.80 per cent and N14.30 per share respectively.
On the contrary EllahLakes and JohnHolt recorded the highest loss with a drop of 10 per cent each to N3.60 and N1.26 per share respectively.
TiP trailed with a loss of 9.62 per cent to close at N0.47 per share, Caverton dropped by 4.62 per cent to close at N1.24 per unit, Veritas Kapital fell by 4.35 per cent to close at N0.22 per unit.
Investors traded 1.186 billion shares valued at N19.225 billion in 10369 deals against 574.737 million shares worth N6.085 billion exchanged hands the previous day in 6595 deals.
Transactions in the shares of United Bank for Africa led activity with 214.944 million shares valued at N2.333 billion in 608 deals, GTCO Plc followed with account of 208.061 million shares worth N6.243 billion in 613 deals, Zenith Bank traded 85.699 million shares cost N2.623 billion in 743 deals, Japaul Gold exchanged 72.595 million shares valued at N37.401 million in 216 deals, Access Corp sold a total of 72.111 million shares valued at N1.015 billion in 658 deals.
