Nigerian stock market gain 0.40% (N155.27 billion) on Monday

Nigerian stock market began the week higher with the All-Share index gaining 0.40% and closing at 70,479.62 points on Monday. As a result the market capitalization increased by ₦155.27bn to end at ₦38.71trn, and the year-to-date (YTD) return increased to 37.52%.

The market performance was supported by buy interests in BUACEMENT (+4.48%), SEPLAT (+3.94%), and GTCO (+0.43%), which offset losses in ZENITHBANK (-1.18%), STANBIC (-6.67%), and UBN (-4.41%). While CORNERST (-9.27%) led twenty (20) others on the laggard’s table, CHAMS (+9.90%) topped twenty (20) others on the leader’s log.

Trade turnover ended up being smaller than it was on Friday with a 15.91% decrease in transaction value. 6,837 deals totaling 391.01 million shares, valued at ₦7.71 billion, were exchanged. UBA (+0.24%) topped the volume and value charts, trading 105.63 million units in deals valued at ₦2.14 billion.