Nigerian stock market opens the week with ₦167.10bn

The Nigerian stock market started the week positively, continuing the upward trend from the previous session with the All-Share Index increasing by 0.30% to end at 99,966.28 points.

The market’s performance was mainly boosted by gains in telecommunications giant MTNN (+1.50%), as well as GTCO (+0.22%) and ZENITHBANK (+5.26%). As a result, the year-to-date return climbed to 33.69%, while the market capitalization rose by ₦167.10bn to close at ₦56.61trn.

Today’s market analysis revealed that trade turnover was higher compared to the previous session, with the value of transactions increasing by 8.02%. A total of 362.43m shares valued at ₦7.37bn were traded in 8,405 deals. GTCO led both the volume and value charts with 66.90m units exchanged at a value of ₦3.06bn. CUTIX (+9.96%) topped the list of gainers among twenty-eight (28) others, while CHELLARAM (-9.76%) led the decliners among fourteen (14) others.