Nigeria’s stock market reverted its negative trend on Monday as investors continued bargain hunting. Trading activities ended on Friday on a negative note as investors lost N301 billion.
However, on Monday the market capitalisation gained N68.9 billion to close at N21.22 trillion higher than the N21.155 trillion recorded at the end of business on Friday.
The All Share Index rose by 0.33 per cent or 131.82 basis points to close at 40,571.67 compared with the Friday’s 40,439.85.
Investors traded a total of 206.24 million shares valued at N2.16 billion in 4,264 deals. Monday’s trading ended with 31 gainers relative to 13 losers.
Some of the top gainers in percentage terms include Seplat with 10.00 per cent to close at N544.50k per share followed by Wapco with 5.05 per cent to close at N26.00 per share while Julius Berger had 2.78 per cent to close at N18.50k per share.
On the losers’ chart, Conoil lost 10.00 per cent to close at N18.90k per share followed by MTN Nigeria with 1.10 per cent loss to close at N18.00 per share while Dangote Sugar had 1.04 per cent to close at N19.00 per share.
Zenith Bank dominated the activity on Monday as it traded 21,506 million shares valued at N539.62 billion followed by MBenefit with 15.002 million shares worth N6.81 billion.
Suzan O
