Investors in the Nigerian equities market gained N905 billion by the close of trading on Monday to begin the week on a bullish note.
This followed a surge in the share prices of stocks such as Airtel Africa, Tantalizers and Sovereign Insurance, among others, on the trading floor.
The benchmark All-Share Index (ASI) increased to 251,125.02 points from the 249,712.37 points recorded on the previous trading day.
After five hours of trading on the capital market, equity capitalisation rose to N160.9 trillion from N160 trillion posted by the bourse on Friday.
The market breadth was positive, with 35 stocks advancing, 31 declining, and 82 remaining unchanged in 82,434 deals.
A total of 629,424,727 shares were traded, valued at N40.9 billion.
Airtel Africa, Tantalizers and Sovereign Insurance led the gainers’ chart, with 10%, 9.93% and 9.65% growth in share prices, respectively, to close at N3,655.70, N4.54 and N2.50 per share, up from N3,323.40, N4.13 and N2.28 per share.
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Zichis, TIP, and FTN Cocoa led other price decliners, with declines of 9.99%, 9.91%, and 9.80%, respectively, to close at N5.72, N5.40, and N34.05 per share, down from N6.35, N5.95, and N37.00 per share, respectively.
On the volume index, Access HoldCo Bank led trading with 54 million shares in 3,305 deals, followed by Fidelity Bank, which traded 31 million shares in 1,366 deals.
Zenith Bank traded 29 million shares in 4, 259 deals.
On the value index, Aradel traded stocks valued at N9.7 billion in 3,153 deals, followed by Zenith Bank, which traded equities worth N3.9 billion in 4, 259 deals.
Airtel Africa traded shares valued at N1.8 billion in 10 deals.
By: Babajide Okeowo
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