The Nigerian equities market opened the trading week positive on Monday as bulls dominated the trading session, thereby boosting the broad market’s index.
Data from the Nigerian Exchange Limited (NGX) on the day’s trading, reflected that at the end of the day’s trading, the All-share Index (ASI) grew by 0.69% to close at 55,328.42 points while the market capitalization increased by N207 billion to close at N30.140 trillion.
The trading data showed that market’s Year-to-Date (Y-t-D) returns stood at 67.23%, thus pushing the market to advance by 3,732.76 basis points since January 4 this year when trading activities opened on the bourse.
At the end of the trading session on Monday, the market breadth closed positive as STANBIC topped the 28 gainers’ table while FTNCOCOA topped the 9 losers’ table.
According to the NGX data on the trading session, the volume of stocks traded stood at N147.9 million valued at N1.54 billion in 3.186 deals.
The top five ASI gainers on Monday were STANBIC up + 10.00 % to close at N37.95; OANDO up + 10.00 to close at N4.40; CILEASING up + 10.00 % to close at N3.63; CONOIL up + 9.98% to close at N46.85; and MRS up + 9.66% to close at N33.50
The trading indices also reflected that the top five ASI losers were FTNCOCOA down – 6.90% to close at N0.27; UPDC down – 4.00% to close at N0.96; JAPAULGOLD down – 3.45% to close at N0.28; TRANSCORP down – 3.08% to close at N1.26; and MBENEFIT down – 3.03% to close at N0.32
At the end of the day’s trading session, the top three traded stocks by volume comprised OANDO –14,287,192; TRANSCORP –11,716,195 and FIDELITYBK –10,733,638 while the top three traded stocks by value were, ZENITHBANK – N205,550,033; GTCO – N190,477,066; and DANGCEM– N115,115,091.
