By Munachimso Obienyi
Buoyed by increased demand for stocks, investors trading at the floor of the Nigerian Exchange Limited (NGX) smiled home as their wealth grew by N36.27 billion at the close of business on Monday.
Specifically, the All Share Index (ASI) closed 0.15 per cent stronger to settle at 44,461.43 points.
Increased demand for MTNN (+1.28 per cent) offset losses in Tier-1 banking names, Zenith Bank(-0.25 per cent), GTCO (-0.54 per cent), FBNH (-1.03 per cent) and AccessCorp (-0.62 per cent) to keep the market in the green.
Consequently, the year-to-date (YTD) return rose to 4.09 per cent while market capitalization gained N36.27 billion to close at N24.22 trillion.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 15.08 per cent.
NwafoLive observed that a total of 72.33 million shares valued at N2.17 billion were exchanged in 2,887 deals.
