The Nigerian Exchange (NGX) Limited appreciated by 0.43 per cent on Monday, with the market capitalisation growing by N341 billion to N80.144 trillion from the N79.803 trillion it ended last Friday.
In the same vein, the All-Share Index (ASI) of Customs Street gained 539.95 points to settle at 126,689.54 points compared with the preceding trading session’s 126,149.59 points.
The bourse witnessed a pocket of profit-taking during the session, with the consumer goods and insurance sectors shedding 1.73 per cent and 0.95 per cent, respectively.
However, buying pressure dominated, with the industrial goods index growing by 2.27 per cent. The banking sector appreciated by 0.55 per cent, the commodity counter rose by 0.41 per cent, and the energy industry gained 0.02 per cent.
The market breadth index was positive yesterday after the bourse closed with 45 price gainers and 36 price losers, representing a strong investor sentiment.
Secure Electronic Technology gained 10.00 per cent to quote at N1.10, Abbey Mortgage Bank improved by 9.99 per cent to N7.60, Ikeja Hotel soared by 9.95 per cent to N22.10, McNichols surged by 9.92 per cent to N4.32, and Tripple Gee expanded by 9.78 per cent to N3.93.
On the flip side, RT Briscoe declined by 10.00 per cent to N3.96, Caverton shed 10.00 per cent to sell for N7.20, Cutix slumped by 10.00 per cent to N4.14, Tantalizer lost 10.00 per cent to trade at N2.70, and Neimeth depreciated by 9.95 per cent to N8.24.
Yesterday, investors transacted 1.3 billion stocks worth N32.2 billion in 39,431 deals compared with the 1.4 billion stocks valued at N30.6 billion traded in 33,399 deals, showing a decline in the trading volume by 7.14 per cent, and a rise in the trading value and number of deals by 5.23 per cent and 18.06 per cent, respectively.
Access Holdings topped the activity chart after selling 138.0 million shares for N3.5 billion, Japaul exchanged 93.4 million stocks worth N292.9 million, AIICO Insurance transacted 93.4 million equities valued at N220.6 million, UBA sold 68.8 million stocks worth N3.1 billion, and Jaiz Bank exchanged 59.7 million shares valued at N231.1 million.