Investor confidence was restored on the Nigerian Exchange Group (NGX) following improvements in key performance indicators, as 948,109,470 shares were traded in 72,700 deals with a market value of N49,149,209,763.71 on Monday, news.ng reports.
According to market data, volume improved by 60%, turnover went up by 41%, and deals rose by 37%, with market capitalisation standing at N129.3 trillion.
Consequently, 38 companies closed in the green territory, while 30 recorded losses out of the 132 listed equities on the NGX on Monday.
Among the top gainers, BUA Cement recorded a 10% gain to close its share price at N297.00. Premier Paints followed with a 9.79% gain to close the day at N21.30 per share.
Others include John Holt, which gained 9.52% to close at N10.35 per share, while Guinea Insurance gained 9.37% to close at N1.40 per share.
On the decliners’ chart, VFD Group shares depreciated by 10% to close at N11.25 per share, followed by Royal Exchange, whose shares went down by 9.63% to close at N1.69 per share.
Others include Omatek Ventures, which lost 9.62% to close at N2.35 per share, while Sovereign Trust Insurance lost 9% to close the first trading day of the week at N1.92 per share.
In terms of trading volume, Sovereign Trust Insurance recorded the highest number of shares traded at 72.6 million. Access Holdings emerged second with 66.9 million shares, First HoldCo had 67 million shares traded, while Zenith Bank recorded 60 million shares traded.
