Equities transactions on the floor of the Nigerian Exchange Group, NGX appreciated by 0.53 percent on Monday amidst strong price rally in the market, sustaining the month-long bullish streak.
Consequently, the NGXASI closed above the 135,000-point mark, with a positive market sentiment.
The main stock market index, the NGX-All Share, rose to 135,166 points, representing a 713.58 basis points increase up from 134,452.93 points of the previous session.
Over the past month, the index has climbed 12.66% and is up 37.74% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from Nigeria.
Gains across all sectors led to additional N398 billion profit on the market capitalisation of listed equities to close at N85.455 trillion higher than the N85.056 trillion recorded on Friday.
The day’s trading session ended with 46 stocks on the gainer’s table relative to 25 decliner’s.
Top on the gainer’s table was ACADEMY PRESS with a 10 percent profit on its share price to close at N10.24k, followed by CHAMPION which gained 9.98 percent on its share price to close at N13.55k.
TRIPPLEG recorded a 9.97 percent increase on its share price to close at N3.86k; then MAYBAKER had a 9.94 percent profit its share price to close at N18.80k.
LIVESTOCK on the other hand, led the decliners chart with a 10 percent drop on its share price to close at N8.10k. TIP followed with a 9.98 percent decline on its share price to close at N14.52k.
ELLAH Lakes share price dipped by 9.08 percent to close at N8.91k; while NGXGROUP profit dropped by 6.02 percent to close at N75.00.
Monday’s business session ended with 795,593.090 million units that exchanged hands in 37,626 deals.
Victoria Ibanga