Nigerian stock market records N535.74 billion gain on Monday

The Nigerian stock market on Monday recorded 1.45% gain as the All-Share index closed the day at 68,111.71 points. As a result, the market capitalization increased by  ₦535.74bn to  end at ₦37.42trn, and the year-to-date (YTD) return increased to 32.90%.

The market’s robust performance was supported by demand for industrial heavyweight DANGCEM (+5.77%), which outperformed losses in MTNN (-0.20%), TRANSCORP (-0.32%), and FIDELITYBK (-0.61) to keep the market in the green. Other notable demand drivers included ZENITHBANK (+0.60%) and STANBIC (+9.23%). On the leader’s log, UACN (+9.54%) was ahead of thirty-one (31) others, while on the laggard’s table, JAIZBANK (-5.95%) was ahead of eight (8) others.

Trade turnover settled at a greater level when compared to that of last Friday with a 59.47% increase in transaction value. 7,656 transactions totaling 430.39 million shares, valued at ₦8.26 billion, were completed. With 51.26 million units traded, UBA (+4.47%) topped the volume chart, while GEREGU (+4.08%) topped the value chart with trades totaling ₦1.95 billion.