Business and Economy

Nigerian stock exchange starts the week positive as the All Share Index gained 0.22%

On Monday the All Share Index of the Nigerian stock exchange increased by 0.22% to close at 59,338.76 points. In turn, the year-to-date (YTD) return increased to 15.78% and the market capitalization increased by N71.95 billion to close at N32.31 trillion.

The broader index was driven into positive territory by investor interest in industrial heavyweight BUACEMENT (+2.50%), Tier-1 banking names ZENITHBANK (+1.56%), and GTCO (+3.97%), outweighing losses in telco giants AIRTELAFRI (-0.54%), MTNN (-2.07%), and FBNH (-2.31%).

The value of transactions increased by 42.69% today, with the trade turnover settling higher than it was on Friday last week as 8,052 transactions involving 552.69 million shares worth N13.06 billion were completed.

With 74.60 million units exchanged, ACCESSCORP (+2.01%) headed the volume chart, while BUACEMENT (+2.50%) led the value chart with transactions totaling 3.86 billion. On the leader’s log, TRANSCOHOT (+10.00%) outperformed thirty (30) other competitors, while UNITYBNK (-10.00%) outperformed seventeen (17) other competitors.

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