Business and Economy

Nigerian stock market gains 0.18% (N70.14 billion) on Monday

The Nigerian stock market started the week well gaining 0.18% as the All-Share Index closed at 71,669.91 points. As a result, the market capitalization increased by ₦70.14 billion to close at ₦39.22 trillion, and the year-to-date (YTD) return increased to 39.84%.

Declines in ACCESSCORP (-0.25%), FBNH (-1.89%), and TRANSCORP (-1.32%) were countered by gains in telco heavyweight MTNN (+0.59%), BUACEMENT (+0.52%), and ZENITHBANK (+1.43%).

Trade turnover settled at a lower value than it did last Friday with a 46.53% decrease in transaction value. 7,011 deals totaling 375.32 million shares, valued at ₦3.85 billion, were exchanged. With 88.84 million units exchanged, VERITASKAP (+2.86%) dominated the volume chart, while ACCESSCORP (-0.25%) won the value chart with deals totaling ₦612.70 million. RTBRISCOE (-9.68%) led twenty-two (22) others on the laggard’s log, while ETI (+9.88%) topped twenty-six (26) others on the leader’s table.

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