Trading activity on the floor of the Nigerian Exchange Limited began bullish on Monday, as the All-Share Index advanced by 0.29 per cent to close at 39,312.74 basis points amid positive sentiment by investors.
The market capitalisation also rose by 0.29 per cent to close at N20.49tn as investors gained N59.42bn.
The year-to-date loss of the ASI fell to -2.37 per cent, while 28 stocks recorded gains against 15 stocks that declined.
The Tier-1 banking stocks such as Zenith Bank, Guaranty Trust Bank, Access Bank and United Bank for Africa were the toast of investors as their share prices rose by 3.60 per cent, 2.56 per cent, 2.45 per cent and 1.40 per cent respectively.
Lafarge Africa stock was also investors’ toast as the company’s share price rose by 1.46 per cent.
Sectoral performance was positive as three out of the five indices tracked closed in the green zone. The banking, insurance and industrial indices were up by 2.89 per cent, 1.33 per cent and 0.08 per cent respectively.
The consumer goods and oil and gas indices, however, fell by 0.26 per cent and 0.08 per cent respectively.
At the close of the day’s trading session, activity was upbeat as the total deal, volume and value of stocks traded climbed.
The total volume of stocks rose by 35.68 per cent to 324.18 million units, valued at N3.28bn in 4,867 deals.
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