Nigerian Equities Market Begins Week on Bullish Note

By: Toyin Ajadi, Lagos

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Trading activities on the Nigerian Equities market enjoyed more positive sentiments on the first day of trading this week, leading to a 0.12% rise in benchmark indices.

The all-share index rose by 0.12% to close at 197,196.98 basis points, while the market capitalisation appreciated by N147 billion to close at N126.59 trillion.

The market sentiment, however, moved to the negative territory with 26 gainers and 40 decliners at the close of trading.

At the top of the gainers’ list for the day was Con Oil with 10% price gain and a closing price of N185 .90k, Legend Internet followed with 10% price gain, closing at N7.04k, while Omatek Ventures gained 20% to close at N2.42K.

On the other hand, Aluminium Extrusion Industries came out last after it lost 10% to close at N13.95k. It was followed by SCOA Nigeria with 9.9% loss and a closing price of N30.95k, then RT Briscoe dropped 9.87% to close at N10..87k.

Fortis Global Insurance had the highest volume of traded shares at 127million and was followed by Access Holding with 48.3 million shares.

At the end of Monday’s trading, a total of 762 504 million shares valued at N31.21 billion were traded in 86 475 deals.

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