The bull dominated Monday’s trading session on the floor of the Nigerian Exchange Group Limited, NGX as the local bourse recorded a 2.48% extending the positive trajectory at the market from the previous week.
Transactions at the Exchange ended with the market capitalisation of listed equities appreciating by N851.2 billion to close at N35.177 trillion higher than the N34.326 recorded on Friday.
Consequently, the NGX All-Share Index, ASI inched up by a 1,563.28 absolute points representing a 2.28% increase to close at 64,603.69 points compared to 63, 040.41points the previous day.
The trading session closed with 71 gainers and 19 decliners.
Profit-taking activities engaged by investors saw the market record 10% gains on the shares of DAARCOMM, Dangote Cement, MRS, NEIMETH and Jaiz Bank as their respective prices closed at N0.22k, N330.10k, N109.45k, N2.20k and N1.98k.
TRANSCOHOT followed with a 9.98% gain on its share price to close at N35.91k while CONOIL had a 9.97% profit on its share price to close at N112.50k.
On the flipside, PHARMDEKO led the decliners table with a 9.85% loss on its share price to close at N1.83k, followed by UIONDICON with a 9.50% loss on its share price to close at N8.10k; then BERGER shares dropped by 9.09% to close at N10.00.
The market sentiment when measured by market breadth ended positive as the total deals, volume and value increased by 40.39%, 49.80% and 59.11% to 14,584, 1839.05 million and N22.03 billion respectively.
FBN Holdings was the most active stock for the day with 198.22 million shares worth N4,417,536 million exchanging hands in 425 deals. UNIVERSAL Insurance plc followed with 184.65 million shares worth N55.46 million in 257 deals.
Olusola Akintonde
