Nigeria’s Equity Market Opens Week With Gains

Toyin Ajad

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Equities transactions on the Nigerian Exchange closed with gains on Monday, with the market indicators rising by 0.07%.

The all-share index appreciated by 0.07% to close at 144 722.47 points as against 144, 628.20 points  recorded on Friday last week while the market capitalisation also rose by N60 billion to close at N92, 561 trillion.

The market sentiment also shared the bullish trend to close with 43 gainers relative to 27 decliners at the end of the day’s trading.

Top on the gainers list for the day were UPDC with 10% price gain to close at N7.15k, Aiico Insurance also with 10% price gain and a closing price of N4.18k then Cornerstone Insurance with 9.99% price gain closing at N7.60k.

On the contrary, Stanbic IBTC Holdings, PZ Cussons Nigeria and N.E.M Insurance Company were the last three decliners with 9.99% , 7.89% and 7.85% price depreciation and closing prices of N100.00, N35.00 and N29.95k respectively.

Universal Insurance Company recorded the highest volume of 202 million traded shares, followed by Linkage Assurance  with 77.9 million shares.

At the end of the day’s trading, a total of 1.046 million shares valued at N15.05 billion were traded in 38, 137 deal

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