The Nigerian Exchange Limited has continued this year’s bullish run as the All-Share Index appreciated by 1.31 per cent on Monday and reached a new high of 95,768.12 points, an increase of 1,230 points from last Friday’s 94,538.12 points.

Equities gained N673 billion as the market cap appreciated by 1.31 per cent to hit N52.408 trillion, up from last Friday’s N51.735 trillion.

Regarding trading volume, there was a 14.5% decline to 721.81 million units from last Friday’s 844.49 million units. This is as trading value declined by 4.2 per cent to N14.41 billion from last Friday’s N15.04 billion.

A further analysis showed that the top gainers are Sunu Assurances Nigeria Limited, 10.00 per cent to close at N1.98, Dangote Cement, +9.99% to close at N592.60 and three other firms.

Conversely, the top losers are Flour Mills of Nigeria: -10.00 per cent to close at N42.30, CADBURY Nigeria, -10.00 per cent to close at N26.10 and four other companies.

In terms of volume, TRANSCORP (-2.36 per cent) led with 66.52 million units, followed by VERITASKAP (-9.09 per cent) with 47.00 million units, ACCESSCORP (-2.67 per cent) with 40.01 million units, UNIVINSURE (-2.04 per cent) with 38.88 million units, and JAPAULGOLD (+1.60 per cent) with 32.82 million units.

In terms of value, NESTLE (-7.19 per cent) led with N1.97 billion, followed by MTNN (-0.03 per cent) with N1.76 billion, TRANSCORP (-2.36 per cent) with N1.23 billion, DANGCEM (9.99 per cent) with N1.20 billion, and ACCESSCORP (-2.67 per cent) with N1.17 billion.

The trading sentiment was mixed for stocks worth over N1 trillion, as DANGCEM recorded a 9.99 per cent gain to become the first Nigerian company to cross the N10 trillion market cap level.

However, members of the category, such as UBA (-0.16 per cent), ZENITHBANK (-2.22 per cent), ACCESSCORP (-2.67 per cent), and MTNN (-0.03 per cent) recorded price declines.

Nigerian exchange market appreciates by 1.31%

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