Bargain-hunting outweighed selling pressure on Monday, enabling equities to continue to rebound on the Nigerian stock market.
This was achieved on the back of gains by 46 stocks led by Nestle, Seplat, and Total, among others.
The All-Share Index (ASI) rose by 1,065.42 points or 3.52 per cent to close at 31,371.93 from the 30,306.51 achieved on Friday, bringing the ASI year-to-date return loss to 24.09 per cent.
Also, market capitalisation, which opened at N10.006 trillion, appreciated N351 billion, to close at N10.006 trillion. Nestle led the gainers’ chart by N26.86 to close at N836 per share. Seplat gained N13.25 to close at N278.27, while Total grew by N7.16 to close at N150.47 per share. Forte Oil appreciated by N6.65 to close at N219.90 while Guinness went up by N6.24 to close at N131.20 per share.
On the other hand, Seven Up recorded the highest price loss of N4.40 to close at N154 per share. Ashaka Cement followed with a loss of N2.39 to close at N22.21 while International Breweries dipped by N1.30 to close at N24.70 per share. CWG lost 21 kobo to close at N4.13 while Ecobank Transnational Incorporated (ETI) depreciated by 20 kobo to close at N17.20 per share.
Transcorp emerged as the investors’ delight, accounting for 412.99 million shares worth N1.33 million. FBN Holdings exchanged 62.21 million shares valued at N528.19 million while First City Monument Bank (FCMB) sold 51.7 million shares worth 140.95 million. UBA exchanged 43.1 million shares valued at N178.1 million while Union Bank sold 23.96 million worth N170.71 million.
In all, investors exchanged a total of 837.123 million shares worth N5.45 billion in 5,057 deals on Monday.
This was achieved on the back of gains by 46 stocks led by Nestle, Seplat, and Total, among others.
The All-Share Index (ASI) rose by 1,065.42 points or 3.52 per cent to close at 31,371.93 from the 30,306.51 achieved on Friday, bringing the ASI year-to-date return loss to 24.09 per cent.
Also, market capitalisation, which opened at N10.006 trillion, appreciated N351 billion, to close at N10.006 trillion. Nestle led the gainers’ chart by N26.86 to close at N836 per share. Seplat gained N13.25 to close at N278.27, while Total grew by N7.16 to close at N150.47 per share. Forte Oil appreciated by N6.65 to close at N219.90 while Guinness went up by N6.24 to close at N131.20 per share.
On the other hand, Seven Up recorded the highest price loss of N4.40 to close at N154 per share. Ashaka Cement followed with a loss of N2.39 to close at N22.21 while International Breweries dipped by N1.30 to close at N24.70 per share. CWG lost 21 kobo to close at N4.13 while Ecobank Transnational Incorporated (ETI) depreciated by 20 kobo to close at N17.20 per share.
Transcorp emerged as the investors’ delight, accounting for 412.99 million shares worth N1.33 million. FBN Holdings exchanged 62.21 million shares valued at N528.19 million while First City Monument Bank (FCMB) sold 51.7 million shares worth 140.95 million. UBA exchanged 43.1 million shares valued at N178.1 million while Union Bank sold 23.96 million worth N170.71 million.
In all, investors exchanged a total of 837.123 million shares worth N5.45 billion in 5,057 deals on Monday.
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