Investors gained N62 billion as the Nigerian stock market on Monday kicked off the week on a positive note.
This comes as Nigerian Exchange Limited market capitalization rose by N62 billion, or 0.36 percent, on Monday, increasing from N155.994 trillion to N156.056 trillion last week Thursday.
Similarly, the All-Share Index advanced by 881.16 points, or 0.36 percent, closing at 243,158.97 compared to 242,277.81 recorded in the previous session.
Consequently, the Year-to-Date (YTD) return improved to 56.26 percent, while market breadth remained positive, with 43 gainers against 34 losers.
On the gainers table, FTN Cocoa Processors and Consolidated Hallmark led by 10 percent each, settling at N6.05 and N5.72 per share, respectively. Following CAP with 9.99 percent, closing at N159.70, AIICO Insurance gained by 9.98 percent, finishing at N4.74. Similarly, Dangote Sugar climbed by 9.97 percent, ending the session at N76.65 per share.
On the flip side, Nigerian Aviation Handling Company led the losers’ chart by 23 percent, closing at N198.68, followed by International Energy Insurance, UPDC, Learn Africa, and Nem Insurance.
Further analysis showed that the market activity declined during the session, as total traded volume dropped by 48.30 percent to 967.47 million shares, valued at N43.84 billion across 122,041 deals.
VFD Group led in volume with 255.35 million shares, representing 26.39 per cent of the total trades.
Zenith Bank recorded the highest transaction value at N8.42 billion, accounting for 19.20 percent of the day’s turnover.
