The equity market of the Nigerian Exchange Group (NGX) opened bullish on Monday, leading to ₦279 billion gain for investors and sustaining the previous week’s gain.
The positive performance was driven by increased investors’ interest in large capitalised stocks like Beta Glass, Champion Breweries, FTN Cocoa Processors, and 43 other stocks.
Specifically, the market capitalisation, which opened at ₦74.533 trillion, added ₦279 billion or 0.37 per cent to close at ₦74.812 trillion.
The All-Share Index also gained 0.37 per cent or 441.43 points, to settle at 118,579.65 points against 118,138.22 points recorded on Friday.
Meanwhile, the market breadth also closed positive with 46 gainers and 22 losers.
Beta Glass led the gainers’ chart, increasing by 10 per cent, settling at ₦303.60 per share while Champion Breweries also rose by 10 per cent, finishing at ₦9.02 per share.
FTN Cocoa Processors soared by 10 per cent, ending the session at ₦3.08 as Neimeth International Pharmaceutical gained by 10 per cent, closing at ₦4.07 per share
Also, Presco PLC climbed by 10 per cent, settling at ₦1,210 per share.
On the others side, Julius Berger fell by 7.48 per cent, closing at ₦117.50 while Chams Holding dropped by 5.09 per cent, settling at ₦2.05 per share.
Secure Electronic Technology declined by five per cent, finishing at 57k, and Multiverse Mining shed 4.66 per cent, ending the session at ₦9.20 per share.
Similarly, Red Star Express lost by 3.85 per cent, closing at ₦7.50 per share.
A total of 653.66 million shares worth ₦21.33 billion were exchanged across 22,206 transactions.
This is compared to 522.81 million shares worth ₦19.68 billion that were traded across 17,706 deals.
Transactions in the shares of Fidelity Bank topped the activity chart with 141.71 million shares worth ₦2.66 billion.
Zenith Bank followed with 46.26 million shares valued at ₦2.35 billion while Nigerian Breweries transacted 38.09 million shares worth ₦2.21 billion.
FTN Cocoa Processors traded 37.98 million shares valued at ₦115.90 million while Access Corporation sold 37.93 million shares worth ₦843.74 million.
NAN