Business and Economy

NGX All-Share Index gains 0.14% on Monday as investors reap N41.60 billion from the stock market

The Nigerian stock exchange NGX All-Share Index rose by 0.14% on Monday to close at 55,605.57 points. In the same manner the year-to-date (YTD) return increased to 8.50% while market capitalization increased by N41.60 billion to close at N30.29 trillion.

Trade turnover on the other hand decreased by 6.72% in transaction value. At the end of the trading day, a total of 4,076 transactions totaling 123.55 million shares worth N2.48 billion were completed.

Losses in ZENITHBANK (-1.13%), GTCO (-0.75%), and NB (-0.97%), were offset by gains in the share prices of MTNN (+1.22%), along with WAPCO (+0.19%), and UBA (1.16%).

With 11.80 million units exchanged, TRANSCORP (-0.78%) topped the volume chart, while GEREGU (+0.00%) topped the value one with transactions totaling N604.27 million. On the laggard’s log, FTNCOCOA (-6.67%) outperformed seventeen (17) other participants, whereas JBERGER (+10.00%) outperformed fourteen (14) other participants.

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