Business and Economy

Stock market gain 0.18% on Monday to close at 102,043 bp

The NGX stock exchange started the week with a gain of 0.18% to close higher at 102,042.32 points. As a result, the year-to-date return increased to 36.47%, and the market capitalization rose by ₦100.65bn to reach ₦55.84trn. The market saw buying interest in BUAFOODS (+1.05%), GEREGU (+6.75%), and ZENITHBANK (+0.14%), which outweighed the selling pressure in GTCO (-0.37%), UBA (-1.18%), and ACCESSCORP (-6.26%), resulting in a positive market performance.

Trade turnover decreased in comparison to Friday’s session with the value of transactions declining by 30.31%. A total of 242.43bn shares, valued at ₦5.13bn, were exchanged in 8,715 deals. ACCESSCORP (-6.26%) recorded the highest volume of trades with 24.90m units, while GTCO (-0.37%) led in terms of value with deals worth ₦841.25m. CHAMS (+10.00%) emerged as the top gainer among twenty-nine (29) others on the leader’s table, while INFINITY (-9.90%) led twenty-two (22) others on the laggard’s log.

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