Transactions on the floor of the Nigerian Stock Exchange, NSE, on Monday, March 20, flagged off the new week in the Green for the fifth consecutive session.
As such, the All Share Index appreciated by 0.07 percent, soaring by 18.39 points to settle at 25,671.55 points. Meanwhile, the market capitalization settled at N8.881 trillion, following a gain of N3.4 billion.
Market breadth however, closed negative as the price movement chart showed that 22 stocks declined against 13 stocks that advanced.
Mobil Oil Nigeria and Nigerian Aviation Handling Company (NAHCO) led the day’s top five gainers with 5 percent each to close at N294 and N2.10 per share respectively.
Fidson was next with a growth of 4.49 percent to close at 93 kobo per share, Guaranty Trust Bank increased by 3.23 percent to close at N27.15, and Nestle added 2.74 percent to close at N750.
Conversely, top five losers for the day were led by United Capital with a loss of 5 percent to close at N2.66 per share. Guinness Nigeria followed with a depreciation of 4.99 percent to close at N63.18 per share, while Custodian Allied Insurance dropped 4.95 percent to close at N3.07 per share. Neimeth declined 4.92 percent to close at 58 kobo per share, and Julius Berger depreciated 4.88 percent to close at N38.
Custodian topped the activity chart for the day, as it emerged the most traded stock with 176.4 million units of shares traded, worth N541.6 million, FBN Holdings was next with 150.4 million shares valued at N470.7 million while UBA emerged the third most traded stock with 25.1 million units of shares worth N137.5 million.
Zenith and Diamond Bank also made it to the top five traded stocks for the day, having traded 23.0 million and 20.5 million units of shares each, worth N323.7 million and N18.9 million respectively.
At the end of trading, investors in 2,587 deals staked a total of N2.5 billion on 495.2 million units traded on Monday.