The Nigerian equities market on Monday gained 0.31 per cent following share price appreciation in Julius Berger Nigeria Plc and 38 others.
Specifically, the Nigerian Exchange Limited All Share Index (NGX ASI) gained by 435.63 basis points, or 0.31 per cent to close at 141,439.77 basis points. Also, market capitalisation appreciated by N284 billion to close at N 89.493 trillion.
However, the market sentiment was buoyant, evidenced by a positive breadth with 39 stocks advancing compared to 17 declining. Julius Berger recorded the highest price gain of 9.93 per cent to close at N146.10, per share. Cutix followed with a gain of 9.86 per cent to close at N3.90, while Regency Alliance Insurance rose by 9.70 per cent to close at N1.47, per share.
Veritas Kapital Assurance appreciated by 9.60 per cent to close at N2.17, while McNichols up by 9.38 per cent to close at N3.50, per share.
On the other hand, University Press led the losers’ chart by 9.92 per cent to close at N5.54, per share. Cadbury Nigeria followed with a decline of 9.61 per cent to close at N57.85, while Abbey Mortgage Bank declined by 8.39 per cent to close at N6.55, per share.
DAAR Communications depreciated by 7.44 per cent to close at N1.12, while Austin Laz & Company declined by 6.55 per cent to close at N2.71, per share.
However, the total volume traded decreased by 54.63 per cent to 591.246 million units, valued at N11.659 billion, and exchanged in 33,342 deals. Transactions in the shares of FCMB Group topped the activity chart with 105.126 million shares valued at N1.145 billion. Veritas Kapital Assurance followed with 59.573 million shares worth N128.806 million, while Universal Insurance traded 34.399 million shares valued at N45.212 million.
AIICO Insurance traded 26.204 million shares valued at N111.910 million, while GTCO sold 25.003 million shares worth N2.4 billion.
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