Transactions in equities at the Nigerian Exchange Group Limited, NGX, ended bullish on Monday, reversing the negative sentiment recorded last week due to investor caution amid ongoing economic challenges and policy shifts by both the fiscal and monetary authorities.
Investors at the Exchange witnessed an N83 billion increase on the market capitalisation of listed equities to close at N59.003 trillion higher than Friday’s N58.920 trillion.
Similarly, the All-Share Index inched up by 137.75 absolute points, representing a 0.14% increase to close at 97,373.94 basis points compared to the 97,236.19 basis points of the previous day.
The market sentiment as measured by market breadth ended with 24 gainers and 27 losers.
On price movement, Eunisell Limited led the gainers table with a 10% profit on its share price to close at N9.02 kobo.
Aradel followed with a 9.99% increase on its share price to close at N533.80 kobo then; JohnHolt gained 9.98% on its share price to close at N5.29 kobo.
On the other hand, UCAP led the losers chart with a 10% drop on its share price to close at N16.15 kobo. Sovereign Trust Insurance followed with a 7.25% loss on its share price to close at N0.64 kobo; while Prestige share price dropped by 6.67% to close at N0.56 kobo.
The day’s business ended with a total of 297.82 million units of shares that exchanged hands in 9,902 deals.
Hauwa Abu
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