Business and Economy

Nigerian Stock Market gains 0.11% on Monday’s trading activities

The Nigerian stock exchange gained 0.11% on Monday’s trading activities to close at 52,657.69 points and market valuation of N28.68 billion. Investors gained a total of N34.32 billion. The year-to-date (YTD) return increased to 2.74%

Trade turnover settled higher than it had the previous session. In total, 4,078 transactions involved 143.74 million shares worth N1.78 billion. The telco heavyweight MTNN (+0.04%), ZENITHBANK (+0.61%), and GTCO (+0.21%) were the main beneficiaries of the good performance of the market as a whole. As a result,

With 19.66 million units traded, FBNH (+0.00%) dominated the volume chart, while MTNN (+0.04%) headed the value chart with transactions totaling N326.85 million. At a ratio of 1.23 to 1, the market breadth closed in the positive. On the gainer’s table, CHAMS (+7.69%) outperformed thirteen (13) rivals, while CORNERST (-10.00%) led ten (10) rivals on the laggard’s log.

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