Despite the economic headwinds in Nigeria, the stock market investors have continued to invest with caution.
While there are good days in the market there have also been a few stormy ones, but the market has shown resilience in the face of the economic challenges.
Trading results for the last weekday of trading on the Nigerian Stock Exchange (NGX) declined.
Data showed that the NGX previous trading result was 33% higher in volume and 13% higher in deals than that of Friday.
According to information gathered, a total of 361,116,909 shares were traded in 5,640 deals.
The current market capitalisation of the Nigerian Stock Exchange is ₦39.09 trillion while NGX All-Share Index (ASI) inched up by 0.08% points to close at 71,419.87.
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This rise represents a 1-week gain of 0.27%, a 4-week gain of 1.74%, and an overall year-to-date gain of 39.35%.
Gainers
Ikeja Hotel was the highest gainer with 10% share price appreciation, closing at ₦4.62 per share.
The Hospitality outfit was followed by Neimeth Pharma (+10%), Unity Bank (+10%) and Omatek Ventures (+9.86%).
Loses
Sunu Assurances Nigeria led the losers log with a price depreciation of 10% at ₦1.26 per share, followed by UAC of Nigeria (-9.76%), McNichols (-9.64%) and Cadbury Nigeria (-7.49%).
Universal Insurance Company recorded the highest volume of 44.1 million traded shares, followed by Jaiz Bank (35.4m), Access Holdings (23.9m) and Veritas Kapital Assurance (18.4m).
