The Nigerian equities market commenced the week on a positive note, gaining N173bn in market capitalisation as investors showed renewed interest in select large- and mid-cap stocks across key sectors.
Data from the Nigerian Exchange Limited on Monday showed that the All-Share Index appreciated by 284.25 points, or 0.25 per cent, to close at 112,026.26, up from 111,742.01 posted on Friday. Consequently, the market capitalisation rose from N70.43 tn to N70.6 tn.
Despite the upturn in the market indices, trading activity witnessed a decline. A total of 517.95 million shares valued at N10.07bn were exchanged in 17,019 deals. This reflects a 73 per cent drop in volume, an 84 per cent drop in value, and a nine per cent decline in the number of deals compared to the previous trading session.
EQUITY MARKET OPENS WEEK WITH N173BN GAIN
