The Nigeria Exchange (NGX) opened the week on a bullish note in continuation of this year’s bullish run, with the market appreciating by 1.31 per cent on Monday.
This is just as the All-Share Index hit a new high of 95,768.12 points, an increase of 1,230 points from last Friday’s 94,538.12 points.
Dangote Cement, which has been on a bullish ride since last week, maintained the trajectory on Monday, gaining 9.99 per cent to cross the N10 trillion mark.
Equities gained N673 billion as the market cap appreciated by 1.31 per cent to hit N52.408 trillion, up from last Friday’s N51.735 trillion.
In terms of trading volume, there was a 14.5 per cent decline to 721.81 million units, from last Friday’s 844.49 million units. In terms of trading value, there was a 4.2% decline to N14.41 billion from last Friday’s N15.04 billion.
Top gainers at the end of the day’s trading were SUNUASSUR +10.00% to close at N1.98; DANGCEM +9.99% to close at N592.60; TRIPPLEG +9.81% to close at N2.35; ETERNA +9.80% to close at N25.20; CUTIX +8.89% to close at N2.94 and UNILEVER +7.96% to close at N21.70.
On the losers table were FLOURMILL -10.00% to close at N42.30; CADBURY -10.00% to close at N26.10; UPL -10.00% to close at N3.60; MCNICHOLS -10.00% to close at N1.62; SOVRENINS -10.00% to close at N0.54%; and JAIZBANK -9.86% to close at N3.11
In terms of volume, TRANSCORP (-2.36%) led with 66.52 million units, followed by VERITASKAP (-9.09%) with 47.00 million units; ACCESSCORP (-2.67%) with 40.01 million units; UNIVINSURE (-2.04%) with 38.88 million units; and JAPAULGOLD (+1.60%) with 32.82 million units, while in terms of value, NESTLE (-7.19%) led with N1.97 billion, followed by MTNN (-0.03%) with N1.76 billion; TRANSCORP (-2.36%) with N1.23 billion; DANGCEM (9.99%) with N1.20 billion; and ACCESSCORP (-2.67%) with N1.17 billion.
