The Nigerian Exchange witnessed a positive trading session on Monday, resulting in a substantial gain of N145 billion.
Notably, companies such as Dangote Sugar, FBNHoldings, Stanbic IBTC, and Northern Nigeria Flour Mills contributed significantly to this surge.
The market capitalization of listed equities experienced a 0.41% increase, rising to N35.539 trillion from N35.394 trillion recorded on the previous Friday.
Furthermore, the NGX All Share Index showed remarkable growth, surging by 264.89 basis points to reach 65268.28 points, compared to the previous close at 65003.39 points.
Among the notable companies that performed remarkably well, FTNCocoa, Gloxosmith, Lasaco, and Nascon achieved a 10% growth at the end of the trading session. Stanbic IBTC closely followed with a gain of 9.97% to close at N68.95 per share.
On the flip side, Ikeja Hotel experienced the most significant loss, dropping by 10% to close at N2.70 per unit.
Multiverse trailed with a loss of 9.97%, while EllahLakes dipped by 9.86%. However, Abbay Building Society and Thomas WY managed to gain 9.82% and 9.55% respectively.
The volume of transactions also saw a notable increase, with investors trading 831.50 million shares valued at N12.94 billion in 9768 deals, representing a 7.88% rise in volume compared to the previous day.
FBNHoldings led market activities during the day with 346.996 million shares valued at N7.436 billion, followed by United Bank for Africa with 62.786 million shares worth N925.937 million, and FCMB Group with 45.744 million shares worth N312.107 million.
Overall, the Nigerian equity market showcased resilience and positive momentum, attracting investor interest and contributing to the overall economic outlook.
