The Nigerian Stock market on Monday closed on a positive note as the All Share Index grew further by 2.11% to settle at 27,554.56 points from the previous close of 26,985.77 points.
Investors gained N297 billion as market capitalization appreciated by 2.11% to settle at N14.402 trillion from the previous close of N14.105 trillion.
An aggregate of 603.95 million units of shares were traded in 5,984 deals, valued at N7.42 billion.
Market Breadth
Market Breadth closed positive as 36 stocks gained against 10 stocks that declined in their share prices.
Percentage Gainers
Glaxosmith and Red Star Express both led other gainers with 10% growth to close at N5.50 and N3.30 respectively.
NPF Microfinance Bank and Africa Prudential Plc among other gainers also grew their share prices by 9.60% and 9.47% respectively.
Percentage Losers
Tripple Gee led other price decliners as it shed 10% of its share price to close at N0.36 from the previous close of N0.40.
Oando and UAC property among other price decliners also shed their share prices by 8.73% and 6.52% respectively.
Volume Drivers
- Zenith Bank traded about 204.69 million units of its shares in 941 deals, valued at N3.83 billion.
- Sterling Bank traded about 55.23 million units of its shares in 73 deals, valued at N71.3 million.
- UBA traded about 51.3 million units of its shares in 447 deals, valued at N328.85 million.