Monday’s trading session on the floor of the Nigeria Exchange Group Limited, NGX, ended on a positive note as key market Index inched up by 0.33 percent.
Investors gained N87,756 billion market capitalisation to close at N26.533 trillion higher than the N26,444 trillion recorded on Friday as await the outcome of the ongoing Monetary Policy Committee meeting in Abuja.
This rebound, reversed a gloomy outlook which analysts predicted last week, citing the nation’s macroeconomic challenges, which have continued to impact negatively on businesses and investments.
NGX benchmark index appreciated by 0.33 percent, representing a 162.7 basis points to close at 49,189.32 on Monday from Friday’s 49,026.62.
At the end of the trading session, a total volume of 119.28 million units of shares exchanged hands in 3,580 deals.
The market sentiment when measured by market breadth was however, negative with 12 gainers and 17 losers.
MULTIVERSE led the gainers chart with a 9.93% gain on its share price to close at N3.10k followed by FCMB with an 8.02% gain on its share price to close at N3.50k. Then UBN had a 7.83 % price gain to close at N6.20k.
On the flipside, Academy Press
led the losers list with an 10% loss on its share price to close at N1.53k followed by NEM which had 8.91% to close at N4.91k and NEIMETH lost 8.33% to close at N1.43k.
Hauwa Abu
