The Nigerian Exchange resumed the new trading week on a positive note, gaining N263bn in market capitalisation as investors took positions in consumer goods and insurance stocks.
At the close of transactions on Monday, the market capitalisation of listed equities rose to N88.2tn from N87.9tn recorded in the previous session, representing a growth of N263bn. Similarly, the benchmark All-Share Index advanced by 414.74 points, or 0.3 per cent, to close at 139,394.75 points.
The day’s trading showed a turnover of 947.83 million shares worth N17.96bn exchanged in 36,006 deals. This represented a 48 per cent decline in volume when compared with the previous trading day, but a 12 per cent improvement in turnover and a 46 per cent increase in the number of deals.