All-Share Index Gains 0.02% at Nigerian Stock Exchange - The Top Society

All-Share Index Gains 0.02% at Nigerian Stock Exchange

Trading at the Nigerian Stock Exchange Limited commenced the week on a positive note, with the All-Share Index appreciating by 0.02% to close at 72,404.91 points. The market’s performance on Monday was marked by a relatively low turnover value and volume, as investors are anticipated to finalize their accounts for the year.
Equities gained N8.6 billion, leading to the market capitalization closing at N39.621 trillion. Despite the modest increase in trading volume to 324.25 million units (up from last Friday’s 307.15 million units), there was a decline in trading value to N4.40 billion, compared to last Friday’s N6.57 billion.
Top gainers in Monday’s trading included INFINITY (+9.93%), closing at N3.10; JOHNHOLT (+9.87%), closing at N2.45; TRANSCOHOT (+9.38%), closing at N51.30; SCOA (+8.62%), closing at N1.89; and FTNCOCOA (+7.53%), closing at N1.57.
On the flip side, some stocks experienced losses, with ABCTRANS (-9.89%) closing at N0.82; ETRANZACT (-9.42%) closing at N6.25; RTBRISCOE (-8.33%) closing at N0.55; SOVRENINS (-7.69%) closing at N0.36; and NAHCO (-7.60%) closing at N25.00.
In terms of trading volume, MBENEFIT (-4.00%) led with 42.08 million units, followed by UBA (+0.41%) with 28.72 million units, TRANSCORP (+0.14%) with 24.09 million units, STERLINGNG (-1.20%) with 20.21 million units, and ZENITHBANK (-0.13%) with 17.15 million units.
Regarding trading value, UBA (+0.41%) took the lead with N689.91 million, followed by ZENITHBANK (-0.13%) with N635.32 million, MTNN (0.00%) with N593.55 million, GTCO (-0.75%) with N434.22 million, and ACCESSCORP (-0.90%) with N343.17 million.
Tier-1 banks experienced mixed fortunes in trading, with GTCO (-0.75%), ACCESSCORP (-0.90%), ZENITHBANK (-0.13%), and FBNH (-0.43%) recording price declines, while UBA (+0.41%) recorded a price gain.
The market’s positive start and the fluctuating performances of individual stocks reflect the dynamic nature of the Nigerian Stock Exchange as investors navigate year-end activities.
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