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Stock market gains N16bn after first weekly loss

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The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose by 0.08 per cent.The ASI grew by 30.56 basis points or 0.

08 per cent from 40,120.22bps last Friday to 40,150.78bps on Monday while the market capitalisation of equities appreciated by N16bn to close at N20.99tn from N20.98tn.

The premium subsector was boosted by the activities in the shares of Zenith Bank Plc and Lafarge Africa Plc, with 57.07 million units traded in 1,603 deals.Further analysis of the day’s trading showed that ARDOVA Plc and May & Baker Plc led the gainers with 9.79 per cent each to close at N17.95 and N3.59 per share respectively.

 

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