The stock market section of the Nigerian Exchange Limited began the week on a bullish note.
Investors began the trading week with gains, as against the loss they recorded at the same time last week.
The market capitalisation of the Nigerian Exchange Limited (NGX) increased by ₦70.14 billion on Monday.
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As appreciation in the stock value of MTN Nigeria, Bua Cement, and Zenith Bank by 0.59%, 0.52% and 1.43%, respectively lifted the stock market.
Investors smiled at the end of trade on Monday, as both market capitalisation and the All-Share Index appreciated significantly.
The All-Share Index soared by 0.18% to close at 71,669.91 basis points, just as investors earned ₦70.14 billion in market capitalisation to close the trade at ₦39.22 trillion.
Gainers & Loser’s
Ecobank Transnational Incorporated, Deap Capital Management, and Trust recorded significant gains appreciating in share prices by 9.9% and 9.8%, respectively.
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RT Briscoe and Secured Electronic Technology topped the losers’ log with share price drops of 9.7% and 9.3%.
However, sectoral performance was mixed as the Banking and Industrial Goods indices recorded gains by 1.6% and 0.2% respectively, while the Insurance index declined.
Meanwhile, the Consumer Goods and Oil & Gas indices closed flat.
