There is nothing more appealing to an investor than seeing his investments rise continuously.
So, with the noise about inflation and slow economic growth projected by the World Bank, Nigerian investors are making gains.
In case you didn’t know, the Nigerian Stock market trading activities on Monday, ended with investors gaining ₦673 billion.
The Nigerian Exchange Limited (NGX) resumed trading on Monday, to maintain its bullish stance.
Investors in the stock market gained a total of ₦673 billion at the close of trade on Monday.
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Both, the NGX market capitalisation and the All-Share Index rose by 1.30% to settle at ₦52.408tn and 95,768.12 basis points, respectively.
Dangote Cement Plc and 23 others contributed to the appreciation of Monday’s benchmark index by ₦673 billion to close at N52.408 trillion.
Despite the positive trading, market participation dipped as the volume and value of traded units dropped by 14.52% and 4.23% to 721,813,844 units and ₦14.407bn, respectively.
Gainers And Losers
Market sentiment was negative, reflecting in 47 losers and 24 gainers.
Eterna rose by 9.80% to close at ₦25.20, while Meyer and Cutix appreciated by 8.89% to close at ₦2.94, per share.
Cadbury Nigeria led the loser log with a 10% loss to close at ₦26.10. Flour Mills of Nigeria also ended trade with a 10% loss.
University Press share price dropped by 10% to close at ₦3.60.
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Jaiz Bank declined by 9.86% to close at ₦3.11, while Wema Bank lost 9.58% to close at ₦10.85, per share.
