The Nigerian Exchange (NGX) appreciated on Monday on the back of gains recorded by MTNN, DANGCEM, and ZENITH.
The NGX All-Share Index rose 1.3% to 42,411.12 points, while market capitalisation gained ₦275.6bn to ₦22.1tn and the year-to-date returns improved to 5.3%.
Trading activity weakened as volume and value traded fell 48.4% and 3.9% respectively to 229.6m units and ₦3.3bn.
UNITYBNK (48.3m units), UNIVINSURE (21.1m units), and FBNH (19.9m units) led by volume while NESTLE (₦846.8m), DANGCEM (₦746.0m), and GTCO (₦336.8m) led by value.
The AFR-ICT and Industrial Goods indices gained 3.5% and 0.7% respectively on the back of price appreciation in MTNN (+7.1%), DANGCEM (+1.2%), and WAPCO (+0.6%).
Leading the laggards, the Oil & Gas index shed 0.9% due to sell-pressure on OANDO (-4.3%). Similarly, the Banking, Insurance and Consumer Goods indices dipped 0.5%, 0.2% and 0.1% respectively following the decline in GTCO (-1.9%), WAPIC (-5.9%), and CHAMPION (-4.1%).
MEYER (+9.1%), ACADEMY (+8.5%), and FTNCOCOA (+8.1%) led gainers while NASCON (-6.8%), CORNERST (-6.0%), and WAPIC (-5.9%) led decliners.
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