Nigerian Stock market closes positive Monday as investors gain N81 billion

The Nigerian stock market index closed 0.29% higher on Monday to settle at 54,367.74 points. As a result, the year-to-date (YTD) return increased to 6.08% and the market capitalization increased by N80.7 billion to close at N29.61 trillion.

Trade turnover also settled higher than it had the previous session. In all, 4,359 transactions involving 191.64 million shares worth N4.80 billion were completed

The performance of the market was boosted by MTNN (+1.88%), a telco heavyweight. GTCO (-0.40%), which exchanged 50.59 million units for deals totaling $1.27 billion, topped the volume and value charts. On the leader’s log, LINKASSURE (+8.89%) outperformed twelve (12) other companies, while FTNCOCOA (-6.06%) outperformed eleven (11) other companies.