The Nigerian Exchange Limited on Monday resumed the week on a bullish run as investors raked in a N285 billion gain.
This was the case as the performance index grew by 0.31 percent due to increased buying activity, extending last week Friday’s positive trading.
Accordingly, market capitalisation rose by 0.31 percent to close at N89.493 trillion on Monday, compared with N89.208 trillion on Friday.
Similarly, market data indicates that the All-Share Index (ASI) increased by 435.63 points, or 0.31 percent, to settle at 141,439.77.
Consequently, the market breadth closed positive with 40 advancers against 17 decliners.
The uptrend was driven by strong buying interest in stocks like Julius Berger, Cutix, Regalins, Veritas Kapital, and 36 others.
Julius Berger led the gainers’ table by 9.93 percent, closing at N146.10. Followed by Cutix PLC, Regency Alliance Insurance, Veritas Kapital Assurance, and MC Nicholas.
On the flip side, University Press, Cadbury Nigeria, Abbey Mortgage Bank, and DAAR Communications, led by Austin Laz, led the losers table.
Further analysis of the market activities revealed a decline in the market volume and value with an increase in the deals.
A total of 591.2 million shares worth N11.7 billion were traded across 33,342 transactions, compared with 1.3 billion shares valued at N47.8 billion that were exchanged across 25,916 transactions earlier on Friday.
Meanwhile, transactions in the shares of FCMB topped the activity chart with 105.13 million shares valued at N1.14 billion, and Veritas Kapital followed with 59.6 million shares worth N128.8 million.
