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Investors in the Nigerian equity market gained N443 billion at the close of trading Monday to start the week on a bullish note.
This follows a surge in the prices of shares such as NGX Group, Trans Express, and Mc Nichols, among others, on the stock exchange floor.
The benchmark All-Share Index (ASI) index increased to 204,458.86 points from 203,770.42 points on the previous trading day.
After five hours of trading on the capital market, equity capitalization increased to N131.6 trillion from N131.1 trillion recorded by the exchange on Friday.
Market breadth was negative, with 32 stocks rising, 24 declining, and 92 stocks unchanged in 60,793 transactions.
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A total of 470,008,335 shares were traded worth N32.4 billion.
NGX Group, Trans Express and Mc Nichols led the gainers chart, with share price growth of 10%, 9.81% and 9.74% respectively, closing at N153.45, N4.14 and N7.10 per share, up from N139.50, N3.77 and N6.47 per share.
Berger, Academy Press and Caverton led other price declines, with falls of 9.95%, 9.71% and 5.98% respectively, closing at N68.35, N7.90 and N5.50 per share, down from N75.90, N8.75 and N5.85 per share respectively.
On the volume index, Access Holding led trading with 54 million shares in 2,440 transactions, followed by GTCO which traded 43 million shares in 4,388 transactions.
Zenith Bank traded 42 million shares in 4,416 transactions.
On the value index, Aradel traded shares worth N7 billion in 1,392 transactions, followed by GTCO, which traded equities worth N5.8 billion in 4,388 transactions.
Zenith Bank traded shares worth N4.7 billion in 4,416 transactions.
By: Babajide Okeowo
