Equity investors gain N567bn

Equity investors at the Nigerian Exchange (NGX) gained N567 billion on Monday as market capitalisation rose to N156.56trillion. The local bourse sustained its strong bullish momentum with the NGX All-Share Index advancing 0.36% to settle at 243,158.97 points. The sustained buying momentum lifted NGX’s year-to-date return to +56.26% and added N567.35 billion to market capitalisation, […]

Equity investors at the Nigerian Exchange (NGX) gained N567 billion on Monday as market capitalisation rose to N156.56trillion.
The local bourse sustained its strong bullish momentum with the NGX All-Share Index advancing 0.36% to settle at 243,158.97 points.
The sustained buying momentum lifted NGX’s year-to-date return to +56.26% and added N567.35 billion to market capitalisation, which closed at N156.56 trillion on Monday.
Market breadth was broadly positive at 1.3x, as 44 gainers led by CONHALLPLC, FTNCOCOA, NAHCO, CAP, and AIICO outpaced 34 losers, with INTENEGINS, UPDC, LEARNAFRICA, and NEM recording the most notable losses.
Sectoral performance was mixed, as Insurance (+1.25%), Industrial (+1.08%), Consumer Goods (+0.83%), and Banking (+0.41%) all closed in positive territory. Meanwhile, the Oil & Gas (-0.89%) and Commodity (-0.49%) dragged on the index.
Trading activity was divergent, as volume and turnover declined 24.79% and 44.40% to 1.41 billion shares and N57.98 billion, respectively, while deal count surged 44.09% to 133,071 transactions.