Equity market opens week with N324bn gain

The Nigerian equity market opened the week on Monday with a gain of 0.58 per cent. Consequently, investors gained N324 billion or 0.58 per cent, as the market capitalisation, which opened at N56.128 trillion, closed at N56.452 trillion. The All-Share Index also closed 0.58 per cent or 573 points stronger at 99,793.71 compared to 99,221.14…The Nigerian equity market opened the week on Monday with a gain of 0.58 per cent.

The market’s positive performance was primarily driven by gains in Seplat, Guaranty Trust Holding Company , Zenith Bank, United Bank For Africa , Transcorp Hotel, and Nigerian Breweries, among other advanced equities.On the gainers’ chart, Flour Mill led by 10 per cent to close at N41.80 per share. Total Energies followed closely by 9.98 per cent to close at N353.60 per share. Access Corporation gained 9.86 per cent to close at N18.95, Chams rose by 9.74 per cent to close at N1.

Meanwhile, Fidelity Bank led the activity chart in volume and value with 605.26 million shares worth N6.03 billion, Access Corporation followed with 93.07 million shares valued at N1.74 billion. UBA transacted 58.73 million shares worth N1.26 billion, Nigerian Breweries traded 45.26 million shares valued at N1.27 billion, and Zenith Bank sold 16.08 million shares worth N539.55 million.Before flagging, please keep in mind that Disqus does not moderate communities.

President Bola Tinubu has approved the appointment of DIG Hashimu Argungu as the Chairman of the Police Service Commission . Tinubu’s official spokesperson, Ajuri Ngelale, made the announcement in a statement on Monday. Ngelale also disclosed that the President has approved the appointment of Chief Onyemuche Nnamani and DIG Taiwo Lakanu as secretary…

The Minister of Transportation Sa'idu Alkali said that the government has begun the conversion of railway locomotive engines from diesel to Compressed Natural Gas CNG). The Minister who disclosed this during an inspection of the retrofitting exercise at Idu train station in Abuja disclosed that if successful the locomotive engines will work on 70 percent…

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