Nigerian Stock Market Gains N1.725 Trillion on Monday

On Monday, the Nigerian stock market experienced a significant gain of N1.725 trillion, with the market capitalization rising to N125.488 trillion from N123.763 trillion. This increase occurred despite profit-taking activities.

The NGX share index rose by 1.39%, increasing from 192,826.78 points to 195,514.23 points. Trading volume decreased to 789.848 million shares, representing a decline of 4.12% from the previous day's 823.829 million shares.

The total value of transactions increased by 0.94%, settling at N35.077 billion compared to N34.750 billion from the previous day, across 84,259 deals. The NGX Group led the gainers' table with a 10% appreciation, closing at N136.40 per unit.

Other notable gainers included Aradel, which increased by 9.99% to N119.30 per share, and Uhoreit, which gained 9.96% to close at N76.15 per share. Conversely, Custodian Insurance topped the losers' chart with a 10% decline, closing at N61.20 per unit.