The Equities Market on the Nigerian Exchange (NGX) resumed the week on a positive note as the All-Share Index inched up by 0.02% to close at 38,220.01 points from 38,212.01 points at the close of trade on Friday.
In the same vein, the market capitalization rose by N4 billion to close at N19.923 trillion from N19.919 trillion last Friday.
At the end of the first trading day of the week, investors traded 282.62 million shares with market value of N1.868 billion in 4,788 deals.
The market breadth was also positive as the market recorded 27 gainers and 17 losers on Monday.
Cutix led the gainers with N0.30k gain to close at N3.30k per share, followed by NCR Nigeria with N0.22k gain to close at N2.49k. Regency Alliance Insurance Company gained N0.04k to close at N0.46k.
On the flip side, Red star Express came out last after losing N0.36k to close at N3.31k.
It was followed by Associated Bus Company which lost N0.03k to close at N0.34k and ConOil, which lost N1.50k to close at N18.50k.
Fidelity Bank recorded the highest volume of traded shares at 28 million followed by Wema Bank with 19.64 million shares.
On sectoral performances, three out of the five indices tracked closed positive. The banking index increased by 0.63%; Insurance rose by 1.47% and the Oil and Gas index gained 0.12%.
On the other hand, the Consumer Goods Index fell by 0.39% while the Industrial Index dropped by 0.06%.
Amaka E. Nliam
