Stock market opens the week with N122bn gain

Trading activities on the floor of the Nigerian Stock Exchange on Monday closed on a positive note as the All Share Index appreciated by 0.93% to settle at 25,249.96 points from the previous close of 25,016.30 points on Friday.

Investors gain N122 billion as market capitalisation appreciated by 0.93%, closing at N13.172 trillion from the previous close of N13.050 trillion.

An aggregate of 230.49 million units of shares were traded in 4,621 deals, valued at N2.17 billion.

Market Breadth

The market breadth closed positive as 31 equities appreciated in their share prices while 11 equities declined in their share prices.

 

Percentage Gainers

Wapic Insurance led other percentage gainers with 10% growth, closing at N0.33 from the previous close of N0.30.

Fidson Healthcare, ABC Transport, Neimeth and Consolidated Hallmark Insurance among other gainers also grew their share prices by 9.80%, 9.76%, 9.60% and 9.52% respectively.

 

Percentage Losers

Japaul Oil led other price decliners as its shed 10% of its share price to close at N0.27 from the previous close of N0.30.

Cornerstone Insurance, Chams Plc and Transcorp among other price decliners also shed their share prices by 9.09%, 7.51% and 5.19% respectively.

 

Volume Drivers

  • First Bank of Nigeria Holdings (FBNH) traded about 34.5 million units of its shares in 284 deals, valued at N188.35 million.
  • Guaranty Trust Bank traded about 22.88 million units of its shares in 398 deals, valued at N550.14 million.
  • Japaul Oil traded about 21.2 million units of its shares in 89 deals, valued at N6.37 million.

 

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