Business and Economy

Nigerian stock market All-Share Index extends gains by 0.70% on monday

The Nigerian stock market continued its upward trend from last week with the all share index closing 0.70% higher at 102,044.84 points. Notable gains in TRANSPOWER (+4.98%), GTCO (+1.95%), and ZENITHBANK (+6.47%) contributed to the positive performance, outweighing losses in FBNH (-1.23%), OANDO (-5.00%), and STERLINGNG (-1.05%). Consequently, the year-to-date return increased to 36.47%, while market capitalization rose by ₦403.69bn to end at ₦57.70trn.

There was a decrease in trade turnover compared to the previous session, with transaction value declining by 13.98%. A total of 436.90m shares valued at ₦17.09bn were traded in 11,344 deals. GTCO (+1.95%) led in volume with 96.63m units exchanged, while TRANSPOWER (+4.98%) dominated in value with transactions worth ₦5.93bn. HONYFLOUR (+10.00%) topped the list of thirty-three (33) gainers, while PRESTIGE (-10.00%) led the fifteen (15) decliners.

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