The Nigerian stock exchange began the new trading week on a positive note, with the market capitalization rising by N178 billion.
The market capitalization increased by 0.89 percent to N20.259 trillion after opening at N20.081 trillion.
The All Share Index also increased by 340.48 points, or 0.89 percent, to 38,722.87, up from 38,382.39 on Friday.
Gains in medium and large capitalised stocks, such as Stanbic IBTC Holdings, BUA Cement, Julius Berger, Ardova Plc, and UACN, contributed to the upturn.
The market was upbeat, with 26 gainers outnumbering eight losers.
In percentage terms, Julius Berger and Stanbic IBTC Holdings topped the gainers’ chart, winning 10% each to close at N18.70 and N144 per share, respectively.
Following that, UACN gained 6.67 percent to close at N8 per share.
International Breweries gained 5.88 percent to close at N5.40 per share, while John Holt jumped 6.52 percent to close at 49k.
Champion Breweries, on the other hand, led the losers’ chart in percentage terms, losing 8.20 percent to close at N2.24 per share.
Japaul Gold and Ventures fell 4.08 percent to close at 47k per share, while Jaiz Bank fell 4.48 percent to close at 64k per share.
Learn Africa lost 2.73 percent to close at N1.07 per share, while Consolidated Hallmark Insurance dropped 3.23 percent to close at 30k.
The activity chart shows that transactions in Union Bank of Nigeria shares topped the activity chart with 79.89 million shares worth N423.44 million.
Guaranty Trust Bank came in second with 36.129 million shares valued at N1.124 billion, followed by FBN Holdings with 33.29 million shares worth N242.46 million.
Zenith Bank sold 25.003 million shares valued at N562.47 million, while Transcorp sold 24.06 million shares worth N19.45 million.
In total, 277.24 million shares worth N3.05 billion were traded in 4,299 transactions, a decrease of 4.6 percent.
However, 290.62 million shares worth N4.02 billion were traded on Friday in 4,311 transactions.
