Market gains N18bn, closes 0.14% higher, Monday

Trading activities on the floor of the Nigerian Stock Exchange on Monday closed higher as the All Share Index grew by 0.14% to close at 27,669.38 points against the previous close of 27,630.46 points on Friday.

Market capitalisation closed at N13.483 trillion, gaining N18 billion from the previous close of N13.465 trillion to N13.483 trillion recorded today.

Aggregate volume of traded stocks for the day was 280 million units, valued at N1.4 billion in 3,314 deals.

Market Breadth

The market breadth closed positive as 18 stocks gained while 12 stocks declined in their share prices.

Percentage Gainers

Dangote Flour and Cornerstone Insurance with 10.00% growth each led other gainers to close at N20.35 and N0.22 form the previous close of N18.50 and N0.20 respectively.

BOC GASES, UAC Property and NCR also grew their share prices by 9.86%, 9.73% and 9.43% respectively.

Percentage Losers

Ecobank, NPF Microfinance Bank and NEM Insurance among other price decliners shed their share prices by 10.00%, 8.53% and 4.65% respectively.

Volume Drivers

Zenith Bank traded about 19 million units of its shares in 375 deals, valued at N353 million

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