The Nigerian equities market began this week’s trading activities by extending Friday’s gains by 0.17%.
Specifically, investors on the floor of the Nigerian Exchange Limited, NGX ended Monday’s transactions with the All-Share Index appreciating by 123.33 basis points or 0.17% from Friday’s 71,230.48 basis points to 71,353.81 basis points.
However, the market capitalisation lost ₦132.43bn or 0.34% to close at ₦39.040trn from ₦39.172trn.
Investors’ interests in banking names; ZENITH BANK PLC (+1.73%), UNITED BANK FOR AFRICA PLC (+1.44%) FBN HOLDINGS PLC (+10.00%) and ACCESS HOLDINGS PLC (+4.32%) helped to boost the benchmark index higher.
Consequently, the year-to-date (YTD) returns rose to 39.22%, while the Month-to-Date (MTD) returns increased to +3.1%.
Analysis of today’s market activities showed that the value of transactions rose by 39.21% while the total volume traded advanced by 28.1%.
At the close of the day, a total of 746.67m units of shares valued at ₦5.95bn were exchanged in 9,267 deals.
UNIVERSAL INSURANCE PLC (+3.57%) led the volume chart with 161.098m units of shares traded while ACCESS HOLDINGS PLC(+4.32%) was the most traded stock by value at ₦1.47bn.
As measured by market breadth, market sentiment was positive with 32 advancing issues outnumbering the 20 declining ones.
On the top of the advancers table is FBN HOLDINGS PLC with an opening selling price of ₦20.00 per share and a closing price of ₦22.00 per share, gaining ₦2.00 or 10.00%.
Followed by JOHN HOLT PLC which closed on Monday at ₦1.87k per share, a 0.17k or 10.00% increase from Friday’s ₦1.70k per share.
And TANTALIZER PLC rose from 0.50k per share to 0.55k per share, gaining 0.05k or 10.00%.
On the flip side, E-TRANZACT INTERNATIONAL PLC led the losers with a decline from ₦7.40k per share to settle at ₦6.70k per share, therefore losing 0.70k or 9.46%.
Next is UNITY BANK PLC with a fall from ₦1.84k per share to close at ₦1.67k per share, declining by 0.17k or 9.24%.
And OMATEK VENTURES PLC depreciated in selling price from 0.99k per share to 0.90k per share, by 0.09k or 9.09%.
On sectors, the Banking (+1.7%) index gained while the Consumer Goods (-1.0%) index declined. Meanwhile, the Industrial Goods, Insurance and Oil & Gas indices all closed flat.
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