The Nigerian All-Share Index started the week on a positive note, closing Monday, July 21, with a 241.11-point gain to settle at 131,826.77.
This marks a 0.18% increase from Friday’s close of 131,585.65, despite a slight dip in market volume.
Daily trading volume fell from 1.19 billion shares on Friday to 706 million shares on Monday, but that did not stop the market from pushing higher.
The total market capitalization edged up to N83.3 trillion, compared to N83.2 trillion recorded in the previous session, across 30,750 deals.
In terms of trading volume, ACCESSCORP and CONHALLPLC led the pack, recording the highest number of shares exchanged during the session.
Total daily volume dropped from 1.19 billion shares on Friday to 706 million shares on Monday. However, market activity remained healthy across select tickers:
SWOOTs (Stocks Worth Over One Trillion Naira) delivered a mixed performance:
Meanwhile, DANGOTE CEMENT lost 1.21%, and INTERNATIONAL BREWERIES declined by 0.72%.
The market’s bullish momentum continues, with the All-Share Index firmly above the 131,000 mark, supported by strength in key equities.
If investor sentiment stays positive and the current rally avoids being seen as overstretched, the index may be on track to challenge the 135,000 level in the near term.