The benchmark indices of The Nigerian Stock Exchange (NSE) closed in the positive region with the All-Share Index rising by 0.33 percent to start the month of March on Monday.
The ASI expanded by 131.74 absolute points, representing an increase of 0.33 percent to close at 39,931.63 points. While the overall Market Capitalization value gained N68.92 billion, representing a growth of 0.33 percent to close at N20.89 trillion.
Investment analysts at GTI Capital observed that the gains posted by the stock market reversed the two consecutive bearish run, following price appreciation in BUA Cement, Zenith Bank and 10 others stocks.
However, the market breath negatively, recording 12 gainers as against 29 losers.
At the close of trading, UACN emerged top gainer with a price appreciation of 0.50 kobo or 6.67 percent to close at N8.00 per share.
Zenith Bank trailed with 35kobo or 1.39 percent to close at N25.80 per share. UBA followed with 20kobo appreciation or 2.45 percent to close at N8.35 per share.
The share price AIICO Plc added six kobo or 5.22 percent to close at N1.21, while Neimeth came last in the top five ranking with five kobo value addition or 2.73 percent to close at N1.88 per share.
Conversely, NASCON emerged as the top loser for the day, with the price depreciation of 9.97. From the opening value of N15.05, it closed trading with N14.45 per share.
PZ lost 50kobo or 9.43 percent loss to close at N4.80 per share, CAP went down by 50kobo or 2.56 percent to close at N19.00 per share, WAPCO trailed with 50kobo or 2.16 to close at N23.10 per share.
Access Bank closed the top five loser’s’ ranking, down to N8.15 from its N8.25, representing 1.21 percent.
A total of 543.98 million share were traded in 4,673 deals.