Weekly trading on Nigerian Exchange begins with gains

Toyin Ajadi, Lagos

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Transactions on the Nigerian equities market closed bullish on the first trading day of the week on Monday setting the it in the positive trend.
The all-share index rose by 0.22% to close the day at 52.579.52 points compared to 52,465.31 at the close of trading last week while the market capitalisation appreciated by N62 billion to close at N28,629 trillion at the end of the day’s trading.
The market sentiment for the day also closed in the green with 29 gainers as against 17 losers at the close of trade.
Multiverse Mining & Exploration led the gainers table with 10% price gain closing at N3.41k, it was closely followed by Red Star Express with 9.96% gain and a closing price of N2.65k and Computer Warehouse Group gained 9.85% o close at N1.45k.
On the other hand, C&I Leasing came out last with a price decline of 9.8% to close at N3.59k. It was followed by Trancorp with 7.73% loss and a closing price of N1.79k while FTN Cocoa Processors lost 6.90% to close at 0.27k.
The day’s trading closed with a total of 511.38 million shares worth N7.14 billion traded in 5,883 deals.
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