Business and Economy

Nigeria stock market capitalization surpasses N30 trillion as All-Share Index gained 0.69% on Monday

The NGX All-Share Index closed Monday’s trading session with a 0.69% gain to settle at 55,328.42 points. As a result, the year-to-date (YTD) return increased to 7.96% while market capitalization increased by N206.58 billion to close at N30.14 trillion.

Trade turnover, however, decreased by 38.84% in transaction value. At the end of the day 3,186 transactions involving 149.78 million shares worth N1.54 billion were completed

Major activities were in BUAFOODS (+4.65%), along with Tier-1 banks ZENITHBANK (+0.78%), GTCO (+1.96%), and STANBIC (+10.00%).  With 62.64 million units exchanged, OANDO (+10.00%) led the volume chart, and ZENITHBANK (+0.78%) lead the value chart with transactions totaling 205.55 million. On the leader’s log, STANBIC (+10.00%) outperformed 18 other competitors, while FTNCOCOA (-6.90%) outperformed 8 other competitors.

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