Stock Investors Gained ₦641 Billion on Monday

Nigerian Stock Exchange continues its bullish run on Monday despite the ongoing economic uncertainty eroding the real sector of the economy.

Nigerian stock investors gained ₦641 billion during the trading hours as the market capitalisation of listed equities rose from ₦16.207 trillion it closed on Friday to ₦16.848 trillion on Monday.

The NSE All-Share Index appreciated by 3.96 percent or 1,226.88 basis points to 32,243.05 bps, up from 31,016.17 it closed on Friday.

Investors traded a total of 636.010 million shares worth ₦8.244 billion in 7,210 transactions, the years in almost five years in a single day.

In terms of volume traded, Zenith Bank led with 70.223 million shares worth ₦1.664 billion. First Bank, Access Bank, UBA and Fidelity Bank followed with 67.652 million, 58.020 million, 48.533 million and 35.191 million valued at ₦474.567 million, ₦500.230 million, ₦410.400 million and ₦97.472 million, respectively.

While Dangote Cement Plc led the chart of the most profitable stocks for the day with a profit of ₦10.5 or 6.02 percent to close at ₦185 per unit. This was after Dangote Cement reported impressive third-quarter financial results last week.

MTN Nigeria added ₦6.1 or 4.24 percent gain to settle at ₦150.1 a unit share. This was followed by WAPCO, BUA Cement and GTBank’s ₦1.95 or 10 percent, ₦1.9 or 4.42 percent and ₦1.75 or 5.22 percent to called it a day at ₦21.45, ₦44.9 and ₦35.25 per shares, respectively.

On the other hand, Conoil Plc led top losers with ₦1.2 or 6.30 percent decline to finish at ₦17.85 per share. NCR, PZ, Learn Africa and Afriprud added 0.2 kobo or 10 percent, 0.15 kobo or 3.13 percent, 0.1 kobo or 8.70 percent and 0.09 kobo or 1.45 percent declines to settle at ₦1.8, ₦4.65, ₦1.05 and ₦6.11 per shares.