The Nigerian Exchange Ltd. (NGX)’s equity market saw positive activity on Monday as it gained N228 billion thanks to renewed interest in telco powerhouse Airtel Africa.
The market capitalization which rose by N228 billion, or 0.78 per cent, closed at N29.538 trillion as against N29.310 trillion on Friday.
Also, the All-Share Index was up by 419.89 points or 0.78 per cent to close at 54,224.35 compared to 53,304.46 on Friday.
Consequently, the year-to-date (YTD) return rose to 5.8 per cent.
Market breadth closed negative as 13 stocks advanced, while nine declined.
Conoil led the gainers’ chart in percentage terms by 9.93 per cent to close at N38.75, per share.
Computer Warehouse Group followed with 9.88 per cent to close at 89k, while Johnholt rose 9.77 per cent to close at N1.46, per share.
Living Trust Mortgage appreciated by 9.57 per cent to close at N2.52, while Tripple Gee garnered 9.55 per cent to close at N2.18, per share.
Conversely, Capital Hotel dominated the losers’ chart in percentage terms with 9.42 per cent to close at N2.50, per share.
Vitafoam followed with a fall of 7.18 per cent to close at N19.40 while Chams depreciated with 6.90 per cent to close at 27k, per share.
Nigerian Aviation Handling Company (NAHCO) declined by 3.57 per cent to close at N8.10, while Ecobank Transnational Incorporated (ETI) lost by 2.83 per cent to close at N12, per share.
Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 46.21 per cent.
A total of 154.63 million shares valued at N5.51 billion were exchanged in 3,095 deals.
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