The value of the Nigerian Exchange (NGX) Limited again reached the N90 trillion milestone on Monday after slipping below the region due to profit-taking.
Yesterday, the stock market gained 0.17 per cent as a result of renewed buying pressure in the industrial goods and banking sectors, which closed higher by 1.59 per cent and 0.47 per cent, respectively.
However, the insurance space declined by 3.43 per cent, the consumer goods index depreciated by 0.58 per cent, and the energy counter fell by 0.51 per cent, while the commodity industry closed flat.
At the close of business, the All-Share Index (ASI) slightly went up by 244.54 points to 142,377.56 points from 142,133.02 points and the market capitalisation jumped by N155 billion to N90.115 trillion from the preceding session’s N89.960 trillion.
The duo of Thomas Wyatt and SFS REIT topped the gainers’ log after they chalked up 10.00 per cent each to sell for N3.63 and N346.55 apiece, LivingTrust Mortgage Bank expanded by 9.90 per cent to N5.66, Eterna grew by 9.86 per cent to N30.65, and Caverton flew higher by 9.28 per cent to N6.83.
Conversely, AXA Mansard lost 10.00 per cent to finish at N14.40, University Press shrank by 9.85 per cent to N5.40, Learn Africa dropped 9.72 per cent to finish at N6.50, Julius Berger crashed by 8.70 per cent to N136.50, and Cornerstone Insurance depreciated by 7.42 per cent to N5.86.
During the trading day, First Holdco traded 47.5 million equities worth N1.5 billion, Ellah Lakes transacted 24.5 million shares valued at N290.9 million, Veritas Kapital exchanged 21.9 million stocks for N44.7 million, Zenith Bank sold 18.8 million shares worth N1.3 billion, and Chams transacted 16.2 million equities valued at N56.6 million.
At the close of business, investors bought and sold 384.0 million equities for N11.6 billion in 28,114 deals, in contrast to the 518.7 million equities valued at N18.1 billion traded in 22,350 deals last Friday, showing a contraction in the trading volume, and value by 25.97 per cent and 35.36 per cent and a increase in the number of deals by 25.79 per cent.