Business and Economy

Stock market All-Share Index gains 0.17% as market capitalization drops by N132.43 billion on Monday.

The Nigerian stock market began the week with a 0.17% gain leading to the All-Share Index closing the day at 71,353.81 points. However, while the year-to-date (YTD) return increased to 39.22%, the gain was not reflected in the market capitalization as this dropped by ₦132.43bn to close at ₦39.04trn,

The performance of the market was supported by persistent buying interest in ZENITHBANK (+1.73%), UBA (+1.44%), and ACCESSCORP (+4.32%).

Trade turnover settled at a greater level than it did on Friday last week with a 39.21% increase in transaction value. 9,267 transactions totaling 746.67 million shares, valued at ₦5.95 billion, were completed. With 46.83 million units traded, UNIVINSURE (+3.57%) headed the volume chart, while ACCESSCORP (+4.32%) led the value chart with trades totaling ₦1.47 billion. While ETRANZACT (-9.46%) led nineteen (19) others on the laggard’s table, FBNH (+10.00%) topped thirty-one (31) others in the leader’s log.

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