Nigerian stock market gains 0.41% on Monday

The Nigerian stock market All-Share Index gained 0.41% higher to close at 65,268.28 points on Monday, the highest level since 2008. As a result, the year-to-date (YTD) return increased to 27.35%, while the market capitalization increased by N144.24 billion to close at N35.54 trillion.

STANBIC (+9.97%), FBNH (+9.82%), and WAPCO (+0.52%) retained investor interest, outweighing selloffs in Tier-1 banking stocks ZENITHBANK (-1.28%), ACCESSCORP (-2.18%), and UBA (-0.67%).

Trade turnover was lower than it was on Friday with the value of transactions falling by 9.31%. In 9,768 transactions, 831.50 million shares worth N12.94 billion were traded. With 346.99m units traded, FBNH (+9.82%) lead the volume and value charts. MULTIVERSE (-9.97%) was first on the laggard’s list, followed by twenty-three (23) others, while NASCON (+10.00%) was first on the leader’s list, followed by twenty (20) others.