The Nigerian stock market opened the week on a bullish note on Monday, recording a gain of ₦193 billion for investors and extending the positive trend from the previous week.
Specifically, the market capitalisation, which opened at ₦76.339 trillion, rose by ₦193 billion or 0.25 per cent to close at ₦76.532 trillion.
The positive performance was driven by increased investor interest in large capitalised stocks such as Cadbury, Ellah Lakes, Tripple Gee, UPDCREIT, Red Star Express, and 50 others.
The All-Share Index also appreciated by 0.25 per cent or 305.67 points, closing at 121,295.33, compared to 120,989.66 recorded on Friday.
Additionally, market breadth closed positive with 55 gainers and 23 losers.
Cadbury Nigeria led the gainers’ chart with a 10 per cent increase to close at ₦53.35 per share, while Ellah Lakes also gained 10 per cent to close at ₦8.91 per share.
Also Read: NGX Weekly Recap Records 12.9% Decline in Transactions
Tripple Gee rose by 10 per cent, ending the session at ₦2.97, and UPDCREIT appreciated by 10 per cent to close at ₦7.15 per share. Red Star Express grew by 9.92 per cent, closing at ₦9.20 per share.
On the flip side, Sunu Assurances declined by 10 per cent to close at ₦4.50, while RT Briscoe shed 9.59 per cent to close at ₦3.30 per share.
Prestige Assurance dropped by 9.09 per cent, ending the day at ₦1.20, and UPDC fell by 8.23 per cent to ₦4.35 per share. Berger Paints also lost 7.58 per cent, closing at ₦30.50 per share.
A total of 923.7 million shares worth ₦11 billion were traded in 25,680 transactions during the session.
Universal Insurance topped the activity chart with 71.92 million shares valued at ₦48.94 million. It was followed by First City Monument Bank with 61.4 million shares worth ₦564.78 million, and Ja Paul Gold, which recorded 53.34 million shares valued at ₦136.1 million.
Access Corporation traded 42.02 million shares worth ₦942.81 million, while AIICO Insurance exchanged 40.10 million shares valued at ₦64.84 million.
