NGX Investors Gain N874 Billion

The Nigerian Exchange Limited began the week positively on Monday as the All-Share Index rose by 1.92% or 1,597.93 points, settling at 84,640.89 compared to Friday records, which was 83,042.96.

At the close of trading for Monday, Investors at the NGX recorded a gain of N874 billion as market capitalisation pumped to N46.316 trillion compared to Friday's record, which settled at N45.442 trillion.

Due to the victory in yesterday's trading, the Year-To-Date (YTD) return increased by 13.20%, while market breadth finished positive, with 46 stocks winning while 19 stocks lost.

Buying interests in industries such as Dangote Cement, BUA Cement, and Zenith Bank increased market shares.

Top Gainers: Chams, Axa Mansard, PZ, Tantalizer, and Daar Communications led with 10% each to close at N2.53, N6.49, N32.45, 55k, and 99k per share, respectively.

Top Losers: Abbey Mortgage Bank Plc led the chart with 9.52% to close at N2.47 per share, followed by Julius Berger by 3.54% to close at N54.50 per share. Custodian Insurance followed by 3.45% to close at N9.80 per share, while Africa Prudential Plc shed 2.78% to close at N8.75 per share. FBNH lost 1.79% to close at N27.50 per share.

Market activities indicated that trade turnover settled lower relative to the previous session, while the value of transactions went down by 36.88%.

On the other hand, Transcorp led the activity chart in volume with 66.89 million shares worth N956 million, followed by AIICO Insurance with 62.29 million shares valued at N789.89 million.

Wema Bank also sold 41.57 million at N387.92 million, Jaiz Bank transacted 39.19 million shares worth N128.01 million, while First City Monument Bank (FCMB) traded 38.14 million shares valued at N423.12 million shares.

Specifically, 807.51 million shares valued at N11.03 billion were exchanged in 13,647 deals, compared to 600.63 million shares valued at N9.10 billion in 11,697 deals at the previous trade.