The bulls dominated the floor of the Nigerian Stock Exchange on Monday, as the investors gained one hundred and Seventy-Eight point one billion.
There were twenty-six gainers against only eight losers.
The equity capitalization rose to Twenty Point Two-Five Trillion naira, from Twenty trillion traded on Friday, a one hundred and Seventy-Eight point one billion naira gain.
The All Share Index points therefore closed at Thirty-Eight Thousand, Seven hundred and twenty-Two point Eight-Seven, an upward shift from Thirty-Eight Thousand, Three Hundred and Eight –Two point Three-Nine. However, the volume, the value and the total deals closed in the negative.
On Friday, Two Hundred and Ninety Point Six million shares were traded. But on Monday, Two Hundred and Seventy-Seven Point Two-Three Million shares exchanged hands. This was a Four Point Six percent reduction.
The value similarly reduced to Three Billion Naira from Four Billion naira traded on Friday.
On the sectorial front, financial sector traded high volume of shares with UNION BANK OF NIGERIA trading over Seventy-Nine Point Eight-Nine million shares. Others include GUARANTY TRUST BANK, FIRST BANK HOLDINGS and ZENITH BANK that traded over Twenty-Five Million shares each.
Among the Twenty-Six gainers, JULLIUS BERGER was on top. Other top gainers include STANBIC IBTC, UAC OF NIGERIAN PLC and JOHN HOLT PLC.
CHAMPION BREWERIES topped the loser’s chart, with JAIZBANK JAPAUL GOLD VENTURES and CONSOLIDATED HALLMARK INSURANCE PLC among the other losers.