NGX Gain N673 Billion in Monday Trading Session

At the end of the trading session yesterday at the Nigerian Exchange Limited (NGX), investors continued on the winning run as stocks gained N673 billion as market capitalisation increased by 1.31% to reach N52.408 trillion.

At the close of the whole trading for last week, the NGX market capitalisation stood at N51.735 trillion as the market was bullish following investors' sentiments on extensive stocks like Dangote Cement PLC and Co.

NGX All Share Index (NGX ASI) increased by 1,230 basis points or 1.30% to close at 95,768.12 basis points from 94,538.12 basis points it opened for trading. The stock market year-to-date (YTD) return increased by 28.08.

As measured by market breadth, market sentiment was negative, as 24 stocks gained while 47 stocks lost. 

Top Gainers: SUNU Assurance topped the list with the highest gain of 10%, closing at N1.98 per share. Dangote Cement Plc followed them with an increase of 9.99% to close at N592.60, while Tripple Gee & Company rose by 9.81% to close at N2.35 per share. Eterna rose by 9.80 per cent to close at N25.20, while Meyer and Cutix appreciated by 8.89 per cent to close at N2.94 per share. 

Top Losers: Cadbury Nigeria, Flour Mills of Nigeria, McNichols, Sovereign Trust Insurance and University Press led by 10% each to close at N26.10, N42.30, N1.62, 54 kobo and N3.60, respectively, per share. Jaiz Bank followed with a decline of 9.86% to close at N3.11, while Wema Bank declined by 9.58% to close at N10.85 per share.

The total volume traded decreased by 4.92% to 721.814 million units, valued at N14.408 billion, and exchanged in 15,757 deals. Transactions in Transnational Corporation (Transcorp) shares topped the activity chart with 66.521 million shares valued at N1.232 billion. Veritas Kapital Assurance followed with 47.004 million shares worth N34.906 million, while Access Holdings traded 40.010 million shares valued at N1.171 billion.

Universal Insurance traded 38.876 million shares valued at N19.198 million, while Japaul Gold & Ventures sold 32.824 million shares worth N84.643 million.