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Investors in the Nigerian equity market earned N1.96 trillion at the start of trading on Monday.
This follows a surge in the prices of shares such as Bua Cement, Premier Paints and John Holt, among others, on the stock exchange floor.
The benchmark All-Share Index (ASI) index increased to 201,474.89 points from 198,407.3 points on the previous trading day.
After five hours of trading on the capital market, equity capitalization rose to N129.3 trillion from N127.3 trillion recorded by the exchange on Friday.
Market breadth was negative, with 38 stocks rising, 30 declining, and 92 stocks unchanged in 72,735 transactions.
A total of 948,211,904 shares were traded worth N49.1 billion.
Bua Cement, Premier Paints and John Holt led the gainers chart, with share price growth of 10%, 9.79% and 9.52% respectively, closing at N297.00, N21.30 and N10.35 per share, up from N270.00, N19.40 and N9.45 per share.
VFD Group, Royalex and Omatek led the rest of the price declines with price drops of 10%, 9.63% and 9.62% respectively to close at N11.25, N1.69 and N2.35 per share, down from the previous N12.50, N1.87 and N2.60 per share.
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On the volume index, Sovereign Insurance led trading with 72 million shares in 372 transactions, followed by Access Bank Holding which traded 69 million shares in 2,510 transactions.
First Holding Company traded 67 million shares in 743 transactions.
On the value index, Zenith Bank traded shares worth N5.9 billion in 3,771 transactions, followed by Aradel, which traded equities worth N5.5 billion in 2,269 transactions.
MTN Nigeria traded shares worth N5.5 billion
By: Babajide Okeowo
