Nigerian stock market recorded significant gain of N987 billion

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The Nigerian stock market, on Monday, recorded a significant gain of N987 billion, or 0.99 percent, in a single day.

This comes as investors’ interest in MTN Nigeria, BUA Foods, FBN Holdings, and other advanced equities were the primary drivers of the overall market’s upward performance.

Accordingly, the market capitalisation added N987 billion, or 0.99 percent, to an opening of N61.912 trillion on Monday, to close at N62.899 trillion.


The All-Share Index, which opened at 102,133.30, also advanced by 0.99 percent, or 1,016 points, to settle at 103,149.35.

As a result, the Year-To-Date, YTD, return rose to 37.95 percent.

A further analysis showed that market breadth also closed positive with 38 gainers and 22 losers.

On the gainers’ table, Neimeth International Pharmaceutical, Prestige Assurance Company, and Mecure Industries Plc led the gainers’ table by 10 percent each to close at N2.09, N1.10, and N12.65 per share, respectively.

Lasaco Assurance gained 9.96 percent to close at N3.09, while Living Trust rose by 9.92 percent to close at N3.99 per share.