Specifically, the All-Share Index extended positive growth with 192.86 points or 0.73 per cent to close at 26,609.34 against 26,416.48 on Friday.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Seplat Petroleum Development Company, Nestlé, Nigerian Breweries, Dangote Cement and UPDC Real Estate Investment Trust . However, analysts at Afrinvest Ltd., stated that “Despite the positive performance recorded in today’s trading session, we believe bearish sentiment will resurface as investors’ appetite towards the local bourse remains weak.”Eterna, NEM Insurance and Union Diagnostic & Clinical Services recorded the highest price gain in percentage terms, appreciating by 10 per cent each, to close at N3.30, N2.42 and 22k per share, respectively.
Learn Africa followed with a decline of 9.60 per cent to close at N1.13, while Union Bank of Nigeria went down by 9.56 to close at N6.15 per share.Unity Bank dipped 8.33 per cent to close at 66k, while Trans-Nationwide Express shed eight per cent to close at 92k per share.