Nigerian stocks resume week’s trading positive

Trading resumed at the floor of the Nigerian Exchange Limited in a positive territory on Monday, as the All-Share Index rose marginally by 0.02 per cent to close at 38,220.01 points.

The market capitalisation also advanced, but continued to trade around the N19tn mark. After opening at N19.92tn, it rose slightly to close Monday’s trading at N19.92tn.

Amid demand for small and mid-capitalised stocks, investors gained N4.17bn, while the year-to-date loss of the ASI fell to 5.09 per cent.

On the gainers’ table, 27 stocks appreciated as 16 printed on the losers’ table.

Buying interest in stocks such as Stanbic IBTC Holdings, UPDC Real Estate Investment Trust, Oando, NEM Insurance and Zenith Bank saw their share prices appreciate by 1.86 per cent, 6.19 per cent, 3.65 per cent, 0.50 per cent and 0.42 per cent.

Of the five indices tracked, three closed in the green zone. While the banking, insurance and oil and gas indices increased by 0.63 per cent, 1.47 per cent and 0.12 per cent, the consumer goods and industrial indices fell by 0.39 per cent and 0.06 per cent respectively.

Trading was positive, as total deals and volume of stock traded rose, thus at the close of the day’s trading, the total volume of stocks appreciated by 35.10 per cent to 282.62 million units valued at N1.87 in 4,788 deals.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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