Nigeria’s domestic market index, the NSE-All Share, ASI, rose to 139,394.75 points as investors started a new week with bargain-hunting activities.
At the end of business on Monday, the ASI of listed equities appreciated by 414.74 absolute points, representing a 0.30% increase to settle at 139,394.75, higher than 138,980.01 points of the previous session.
Over the past month, the index has declined 4.49%, though it remains 44.89% higher than a year ago, according to trading on a contract for difference that tracks this benchmark index from Nigeria.
Similarly, the market capitalisation inched up by N262 billion to close at N88.199 trillion compared to Friday’s N87.936 trillion.
The market sentiment closed positive with 40 stocks on the gainers list relative to 19 decliners.
PZ and UPL led the gainers’ table with a 10 per cent increase to close at N36.20k and N5.50k respectively.
Ellah Lakes followed with a 9.94 per cent profit on its share price to settle at N14.27k; then Legendint shares settled at N5.44k after clinching a 9.90 per cent gain.
On the flipside, IMG, ENAMELWA, Union Dicon and Thomaswy recorded a 10 per cent drop on their respective share prices to close at N33.30k, N35.10k, N10.00 and N2.70k; while Academy Press’ share price declined by 9.95 per cent to close at N8.60k.
A total of 947.87 million shares valued at N17.97 billion were traded across 36,036 transactions.
FCMB shares topped the activity chart with 460.94 million shares valued at N4.653 billion.
Universal Insurance followed with 42.2 million shares worth N53.3 million, while Royal Exchange traded 35.22 million shares valued at N72.49 million.