Stock market opens week on positive note

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Stock market opens week on positive note

Nigeria’s stock market opened the week on a positive note as investors gained N45.49billion at the close of trading Monday.

The market’s benchmark performance indicator, the All- Share Index also gained 0.21 percent to close at 41,088.96 basis points as against 0.24 percent recorded on Friday. Its Year-to-Date (YTD) returns currently stands at 2.03 percent.

At the end of trading, investors consummated 5,640 deals, in a trading volume of 333 million valued at 2.6 billion as market cap close at 21.49 trillion.

Market turnover, however, closed negative as volume moved down by -43.68 percent as against -47.26 percent downtick recorded in the previous session.

Nigeria Stock Exchange (NSE) recorded 19 gainers as against 29 losers topped by CORNERST.

AIRTELAFRI which led the top five stocks traded on Monday had its share moved from N851.8 to N855, a 0.38 percent increase.

Dangote Cement shares also increased by 0.85 percent from N234 to N236 at the end of today’s trading.

Other top gainers include MRS Oil whose share price increased from N11.2 to N12.3, a 9.82 percent change.

Julius Berger share increased from N18.9 to N19.5 or 3.17 percent price change while WAPCO completed the top five stocks after its share increased from N26 to N26.5 or 1.92 percent gain.

ARDOVA led the losers table as it shares declined by 9.78 percent from N20.45 to N18.45. NASCON shares also dropped from N17.2 To N16. a -5.81 decrease from Friday’s trading. CI Leasing whose shares declined from N5.7 to N5.13, International Breweries, N6.59 to N6.16 and UNILEVER N13.5 to N13.2 completed the top five losers.

Transcorp, Mansard and Fidelity Bank were the most active stocks to boost market turnover. Zenith Bank and AIRTELAFRI topped the market value list. UBN leads the list of active stocks that recorded impressive performances at the end of today’s session.


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