Nigerian Stock Market Gains N515 Billion to Start Week

The Nigerian stock market commenced the week on a positive note, achieving a gain of N515 billion. The market capitalization closed at N156.109 trillion, with the NGX All-Share Index appreciating by 802.94 basis points, or 0.33%, to close at 243,396.25 basis points.

The market breadth was positive, with 32 gainers outpacing 29 losers. Intern Energy Insurance recorded the highest price gain of 9.92%, closing at N7.98 per share, followed closely by Tip with a gain of 9.91%, closing at N32.15.

Other notable gainers included Associated Bus Company, which rose by 9.68% to N6.80, and Abbey Mortgage Bank, which appreciated by 9.63% to N10.25. On the losing side, Fidson Healthcare led with a 10% decline, closing at N122.85 per share.

The total trading volume increased by 22.63% to 717.156 million units, valued at N56.659 billion, across 73,321 transactions. FCMB Group topped the activity chart with 152.308 million shares valued at N1.826 billion.