The nation\u2019s bourse kicked off the week on Monday still on a bullish note with bargain buying on Dangote Cement and other 27 stocks.<\/p>\n\n\n\n
Specificaly, the All-Share Index inched higher by 42.71 points or 0.10 per cent to close at 4ep3,897.13 from 43,854.42 achieved on Friday.<\/p>\n\n\n\n
Accordingly, the year-to-date return increased to 2.8 per cent.<\/p>\n\n\n\n
Similarly, the market capitalisation N23 billion to close at N23.650 trillion compared with N23.627 trillion posted on Friday.<\/p>\n\n\n\n
The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Dangote Cement, BUA Foods, MRS Oil, Vitafoam and PZ Cussons.<\/p>\n\n\n\n
This week, United Capital expected the market to maintain its bullish momentum as investors continue to take positions ahead of the dividend season amidst pockets of profit taking.<\/p>\n\n\n\n
Market sentiment closed positive with 28 gainers in relative to 19 losers.<\/p>\n\n\n\n
BUA Foods dominated the gainers\u2019 chart in percentage terms by 9.96 per cent to close at N58.50 per share.<\/p>\n\n\n\n
MRS Oil followed with 9.72 per cent to close at N13.55, while PZ Cussons rose by 8.53 per cent to close at N7 per share.<\/p>\n\n\n\n
AIICO Insurance improved by 7.69 per cent to close at 84k , while NPF Microfinance Bank appreciated by 6.45 per cent to close at N1.98 per share.<\/p>\n\n\n\n
On the other hand, Northern Nigeria Flour Mills led the losers\u2019 chart in percentage terms by 9.66 per cent to close at N6.55 per share.<\/p>\n\n\n\n
United Bank for Africa followed with 6.90 per cent to close at N5.40, while Red Star Express lost 6.38 per cent to close at N3.23 per share.<\/p>\n\n\n\n
MTN Nigeria Communications (MTNN) lost 5.84 per cent to close at N185.50, while Sovereign Trust Bank shed 3.85 per cent to close at 25k per share.<\/p>\n\n\n\n
Meanwhile, the total volume of shares traded declined by 21.23 per cent to 311.26 million shares worth N8.64 billion traded in 5,159 deals.<\/p>\n\n\n\n
This was in contrast with 395.15 million shares valued at N12.39 billion traded in 3,923 deals on Friday.<\/p>\n\n\n\n
Transactions in the shares of BUA Foods topped the activity chart with 101.36 million shares valued at N5.93 billion.<\/p>\n\n\n\n
Transcorp followed with 51.22 million shares worth N50.21 million, while Zenith Bank traded 12.13 million shares valued at N308.63 million.<\/p>\n\n\n\n
Guaranty Trust Holding Company traded 10.35 million shares worth N265.61 million, while Sovereign Trust Insurance transacted 9.47 million shares worth N2.29 million.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
The nation\u2019s bourse kicked off the week on Monday still on a bullish note with bargain buying on Dangote Cement and other 27 stocks. Specificaly, the All-Share Index inched higher by 42.71 points or 0.10 per cent to close at 4ep3,897.13 from 43,854.42 achieved on Friday. Accordingly, the year-to-date return increased to 2.8 per cent. […]<\/p>\n","protected":false},"author":2,"featured_media":19918,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[210],"class_list":["post-39523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-stock-market","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n