Investors at the Nigerian Stock Exchange recouped N17.39 billion profit on equities on Monday as the share index saw uptick of 0.14 per cent to commence a new week and halted its losing streak.
According to market observers, the gain followed modest performances from CCNN and WAPCO and the cumulative effect of Q3’19 earnings reports that flooded the market last week.
Consequently, as the All-Share Index (ASI) gained 35.72 points to close at 26,384.45 basis points, thereby Monday the months-to-date and Year-to-Date losses moderated to -4.51 per cent and -16.05 per cent respectively, while capitalization of equities in the market also closed higher at N12.844 trillion.
Similarly, market turnover closed positive as the total volume traded increased by 30.95 per cent to 485.89 million valued at NGN1.08 billion and exchanged in 3,861 deals.
Market breadth also closed in favour of the bulls as 12 gainers emerged against seven decliners while 17 others closed on flat prices.
CCNN led the gainers with N0.90 to close at N15.90 per share. FLOURMILL gained 0.45 to close at N15.5 per share and WAPCO, Sterling Bank and TrippleG gained N0.25, N0.06 and N0.05 to close at N14.95, N2 and N0.64 per share respectively.
On the flip side, UACN and GUARANTY shed N0.50 and N0.10 to close at N6 and N26.20 per share respectively, while Forte Oil, UPL and Mansard each lost N0.05 to close at N16, N1.10 and N1.65 per share respectively.
Top active traded were recorded by VERITASKP, Zenith and CourtVille, trading 348.687 million shares at N69.337 million, 22.005 million shares at N374.059 million and 21.523 million valued at N4.881 million shares respectively.
In term of transaction value, Zenith, Access and Guaranty topped chart with N374.059 million in 22.005 million shares, N155.029 million in 21.231 million shares and N99.876 million in 3.8 million shares.
The session traded with a total of 485.897 million shares valued at N1.078 billion that exchanged hands on the floor of the Exchanged in 3,861 separate deals.