The equities market on the Nigerian Exchange began the new week in bullish form, closing on Monday with a market capitalisation of N60.6 trillion, up from last Friday’s closure of N60.3 trillion, a N300 billion gain at the trading session.
The All-Share Index (ASI) closed at 99,378.06, reflecting positive market sentiment.
During the session, 740,892,837 shares were traded across 10,430 deals, with a total market value of NGN 16,877,334,272.09. In total, 122 listed equities participated in the trading, with 35 gainers and 25 losers.
LivingTrust Mortgage Bank led the gainers, rising by 10.00 per cent to N3.30, followed closely by Royal Exchange, which also increased by 10.00 per cent to N0.66. International Breweries saw a 9.90 per cent increase to close at N4.55, while Guinea Insurance gained 9.84 per cent, closing at N0.67. Caverton Offshore Support Group rounded out the top five gainers, rising 9.60 per cent to N2.17.
On the other hand, University Press Limited (UPL) emerged as the largest loser, shedding 9.81 per cent to close at N3.77. Honeywell Flour Mills Call followed, losing 9.62 per cent to end at N4.70. International Energy Insurance dropped 9.52 per cent to N1.33, while ABC Transport fell 8.70 per cent to N1.05. Sovereign Trust Insurance also saw a decline, down 8.24 per cent to close at N0.78.
In terms of trading volume, Japaul Gold and Ventures Plc recorded the highest trading activity with 72 million shares valued at N158 million across 158 deals. eTranzact International Plc followed with 71 million shares traded, worth N477 million in 96 deals. Meanwhile, Tantalizers Plc saw 57 million shares traded in 101 deals, valued at N101 million and First City Monument Bank (FCMB) had 33 million shares traded, valued at approximately N297.27 million, executed in 59 deals.
The trading session concluded with a steady flow of activity across various sectors, signalling a positive outlook for the Nigerian stock market.
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