Trading on the Nigerian stock market opened the week on a bullish note on Monday, as investors wealth appreciated by N2.324 trillion.
The positive performance was driven by renewed investors interest in AXA Mansard Insurance, Sovereign Trust Insurance, Dangote Cement, Oando, Fidelity Bank and 23 other equities.
Specifically, market capitalisation rose by N2.324 trillion from N161.593 trillion recorded on Friday to N163.917 trillion on Monday.
Similarly, the All-Share Index advanced by 3,579.52 points, or 1.42 per cent, from 248,877.22 to 252,456.74.
Consequently, the market’s Year-to-Date return improved to 62.23 per cent.
However, market breadth closed negatively, with 28 losers against 21 gainers.
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Thomas Wyatt led the losers’ chart by 9.62 per cent, settling at N2.35, University Press followed by 8.70 per cent, finishing at N4.20, while Fortis Global Insurance declined by 7.38 per cent, closing at N1.38 per share.
The Initiates dipped by 6.88 per cent, finishing at N25.05, and Zichis Agro Allied Industries dropped by 5.59, closing at N16.05 per share.
AXA Mansard topped the gainers’ chart by 9.75 per cent, ending the session at N12.95, Sovereign Trust trailed by 9.74 per cent, closing at N2.14, while Dangote Cement grew by 9.61 per cent, settling at N1,469.90 per share.
Oando gained by 8.46 per cent, settling at N35.90, and Fidelity Bank 6.85 per cent, finishing at N24.95 per share.
Trading activity strengthened during the session, with total volume rising by 20.03 per cent to 453.31 million shares, worth N30.55 billion, exchanged in 42,891 deals.
CHAMS led the volume chart with 72.61 million shares, accounting for 16.02 per cent of total transactions.
Seplat Energy topped the value chart with trades worth N5.20 billion, representing 17.01 per cent of the day’s total value.
