Activities at the equity market of the Nigerian Exchange Ltd. (NGX) on Monday recorded a positive position, gaining N228 billion amid renewed interest in telco heavyweight, Airtel Africa.
The market capitalization which rose by N228 billion, or 0.78 percent, closed at N29.538 trillion as against N29.310 trillion on Friday.
Also, the All-Share Index was up by 419.89 points or 0.78 percent to close at 54,224.35 compared to 53,304.46 on Friday.
Consequently, the year-to-date (YTD) return rose to 5.8 percent.
Market breadth closed negative as 13 stocks advanced, while nine declined.
Conoil led the gainers’ chart in percentage terms by 9.93 percent to close at N38.75, per share.
Computer Warehouse Group followed with 9.88 percent to close at 89k, while Johnholt rose 9.77 percent to close at N1.46, per share.
Living Trust Mortgage appreciated by 9.57 percent to close at N2.52, while Tripple Gee garnered 9.55 percent to close at N2.18, per share.
Conversely, Capital Hotel dominated the losers’ chart in percentage terms with 9.42 percent to close at N2.50, per share.
Vitafoam followed with a fall of 7.18 percent to close at N19.40 while Chams depreciated by 6.90 percent to close at 27k, per share.
Nigerian Aviation Handling Company (NAHCO) declined by 3.57 percent to close at N8.10, while Ecobank Transnational Incorporated (ETI) lost by 2.83 percent to close at N12, per share.
Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 46.21 percent.
A total of 154.63 million shares valued at N5.51 billion were exchanged in 3,095 deals.
