For three consecutive trading sessions, the Nigerian stock market has been on the upward trend, specifically last week Thursday when MTN Nigeria was listed on the floor of the Nigerian Stock Exchange. The bearish trend came to a halt as the market since then as gained about 3.81%.
The All Share Index on Monday grew by 1.74%, closing at 29,374.47 points from the previous close of 28,871.93 points last Friday.
Market capitalisation closed at N12.938 trillion, gaining N221 billion from the previous close of N12.717 trillion.
Aggregate volume of traded stocks for the day was 214.42 million units, valued at N7.93 billion in 4,644 deals.
Market Breadth
The market breadth closed negative as 17 stocks gained, while 20 stocks declined in their share prices.
Percentage Gainers
MCNICHOLS grew 10% of its share price among other gainers to close at N0.55 from the previous close of N0.50.
MTN Nigeria again grew its share prices by 9.96% to close at N119.75 from the previous close of N108.9.
Percentage Losers
Forte Oil, E-Tranzact and Neimeth among other price decliners shed their share prices by 9.88%, 9.85% and 8.20% respectively.
Volume Drivers
- MTN Nigeria traded about 51.4 million units of its shares, in 61 deals, valued at N6.155 billion.