BY Bonny Amadi
The Nigerian Exchange sustained its upward trajectory on Monday, commencing the week with the All-Share Index climbing 0.58% to 163,244.69 points.
Market capitalization expanded by N744.99 billion to N104.52 trillion, representing a 0.72% increase driven by the additional listing of 3.16 billion ordinary shares of United Bank for Africa Plc on the NGX today.
Market breadth was strongly positive at 2.45x, with 49 gainers surpassing 20 losers. ETRANZACT, REDSTAREX, UPDC, DEAPCAP, and MCNICHOLS led the advancers, while CHAMPION, EUNISELL, IKEJAHOTEL, GUINEAINS, and OMATEK suffered the steepest declines.
Sectoral performance was broadly bullish: Oil & Gas topped gains with a 1.49% rally, followed by Insurance rising 0.88%, banking advancing 0.86%, Industrial gaining 0.81%, Commodity increasing 0.79%, and Consumer Goods adding 0.57%.
Trading activity displayed positive trends as share volume jumped 84.17% to 1.15 billion units, transaction value increased 3.84% to N19.23 billion, and deal count surged 35.47% to 59,359 transactions.
Top five gainers
ETRANZACT opened the week as the highest gainer with N1.50 or 10.00 per cent to close at N16.50 per share, other to five gainers also advanced by 10 per cent respectively, UPDC by N0.50 to close at N5.50, MCNICHOLS by N0.55 to close at N6.05, REDSTAREX by N1.05 to close at N11.55 per share while RTBRISCOE closed the top five gainers group at N3.96, having appreciated by N0.36.
Worst five losers
CHAMPION as the worst loser stock dipped by N1.40 or 8.51 per cent to end the day at N15.05, followed by EUNISELL with N13.60 or 8.01 per cent dip to close at N156.20, while IKEJAHOTEL dipped by N3.20 of 8.00 per cent to close lower at N36.80 per share. GUINEAINS lost N0.10 or 7.30 per cent to end the day at N1.27, while OMATEK closed the worst five losers’ group at N1.24, following contraction by N0.04 or 3.13 per cent.
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