The Nigerian stock market opened the week on a bullish note on Monday, gaining N413 billion on the Nigerian Exchange Ltd.
Market capitalisation rose by N413 billion or 0.62 per cent and closed at N67.060 trillion compared to Friday’s figure of N66.647 trillion.
Similarly, the All-Share Index (ASI) soared by 655.93 points or 0.62 per cent, reaching 106,698.50 from 106,042.57 recorded earlier.
The positive trend was driven by strong buying interest in medium and large-cap stocks like First Bank Holding Company, Guaranty Trust Holding Company, Access Corporation and more.
Also, the market breadth closed positive, with 35 gainers and 29 losers.
On the gainers’ chart, Beta Glass increased by 9.97 per cent, closing at N120.75 while The Initiates Plc rose by 9.90 per cent, settling at N5.44 per share.
Cadbury Nigeria soared by 9.87 per cent to close at N35.05 and Caverton Offshore Support Group grew by 9.77 per cent, closing at N2.92 per share.
Multiverse Mining also gained by 9.45 per cent, finishing at N6.95 per share.
On the losers’ chart, Ecobank Transnational Corporation declined by 9.62 per cent, closing at N23.50 while Meyer Plc dropped by 6.70 per cent, settling at N8.35 per share.
Custodian fell by 4.72 per cent to close at N17.15 and Mutual Benefits Assurance lost by 4.49 per cent, closing at 85k per share.
Access Corporation shed by 3.88 per cent to close at N21.05 per share.
A total of 569.041 million shares worth N18.934 billion were exchanged across 18,612 deals.
This is in contrast to 573.33 million shares worth N15.254 billion that was traded across 18,554 transactions earlier.
Transactions in the shares of First Bank Holding Company topped the activity chart with 106.04 million shares worth N2.64 billion.
Guaranty Trust Holding followed with 87.184 million shares valued at N5.557 billion while Access Corporation transacted 42.913 million shares worth N919.28 million.
Japaul Gold traded 41.264 million shares valued at N80.55 million and CHAMS Plc sold 23.616 million worth N48.764 million.
NAN
