Market capitalization up by 0.03% at Monday’s trading

Trading activities on the floor of Nigerian Exchange (NGX) on Monday closed positive gaining N168 billion.

Market capitalisation of listed equities increased by 0.30 per cent to N56.608 trillion from N56.440 trillion reported the previous day.

The NGX All Share Index also appreciated by 295.00 basis points to 99966.28 points from 99671.28 points traded on Friday.

The positive performance of the market was driven by gains in the shares of MTN Nigeria, AccessCorp, FBNHoldings, Dangote Sugar, Zenith Bank, United Capital, Cutix Plc and 22 others.

As a result, year to date gain increased to 33.70 per cent at NGX printed 39 gainers against 15 losers.

A review of trading for the day day showed that Cutix Plc led gainers table, appreciating by 9.96 per cent to close at N5.08 per unit, Ikeja hotel followed with a gain of 9.45 per cent to close at N6.95 per unit, Royal Exchange added 8.96 per cent to close at N0.73 per unit, SUNU Assurance increased by 8.40 per cent to close at N1.29 per unit, Redstarex up by 8.15 per cent to close at N4.39 per cent.

On the contrary, Chellarm Plc recorded the highest loss, decking by 9.76 per cent to close at N3.70 per share, Abbey Building Society trailed with a loss of 7.04 per cent to close at N2.51 per unit, Jaiz Bank dipped by 5.78 per cent to close at N2.12 per share, EllahLakes down by 5.36 per cent to close at N3.00 while International Breweries dropped by 4.20 per cent to close at N3.88 per unit.

Volume of trades declined by 58.467 million, representing 13.89 per cent as investors traded 362.429 million shares valued at N7.367 billion in 8405 deals against 420.896 million shares valued at N6.820 billion exchanged hands the previous day in 7619 deals.

Transactions in the shares of GTCO Plc led market activities with 66.901 million shares valued at N3.064 billion, Access Bank followed with 44.495 million shares worth N854.417 million, FCMB group traded 26.735 million shares valued at N203.083 million, Japaul Gold exchanged 21.447 million shares worth N41.679 million while UACN exchanged 20.325 million shares cost N287.790 million.