The bourse started the week on a high as bullish sentiments, increased demand and increased investor confidence on the floor of the Nigerian Stock Exchange today led to a 3.02% increase in the All Share Index, with index closing the day at 29,684.84 basis points and Market Capitalization closing at N10.2 trillion.
The total value of transactions reduced by 18.82% from the N4.2 Billion worth of shares traded on Friday; this was the only negative indices today. The number of deals recorded appreciated by 10.58% from 4,310 deals recorded on Friday, while the volume of transactions recorded increased by 37.09% up from 372,281,008 shares traded on Friday.
It was a positive day as all the Indexes appreciated. The Banking Index led with a 5% gain, amidst increase in demand for Bank stock, after most if its stock had bottomed out last week. It was closely followed by the Consumer Goods Index with a 3.58% gain, while the NSE30 Index appreciated by 3.40%, the Industrial Index gained 2.1%, the LOTUS appreciated by 1.96%, the Oil and Gas Index appreciated by 1.89% and Insurance Index appreciated by 0.56%.
Market breadth closed in the positive as GUINNESS led 48 Gainers against 9 Losers led by JBERGER.
Year-To-Date stands at -14.35%.
