Trading Clings to Bullish Momentum as Index Gains 0.58%

The bull stood its ground on resumption of trading on the Nigerian Stock Exchange, NSE,on Monday, January 25,  as the All Share Index gained 0.58 per cent to close at 23,963.64 points from 23,826.50 on Friday, January 22.

Similarly, market capitalisation also soraed from N N8.194 trillion to 8.242 trillion.

The market recorded 25 gainers today led by Guinness with a gain of N10.43 or 10.24 per cent to N112.28 followed by NAHCO with a gain of N0.34 or 9.55 per cent to close at N3.90 while Zenith Bank gained N0.88 or 7.79 per cent to close at N12.18 per share.

On the other hand, Berger Paint topped 16 stocks on the losers’ chart with N0.96 loss or 9.63 per cent to close at N9.01 followed by Learn Afrca that lost 0.07 or 8.43 per cent to close at N0.76 per share, and FBN Holdings that lost N0.23 or 5.11 per cent to close at N4.27 per share.

All together, a total of 215,183,967 shares worth N2.105 billion exchange hands in 3,853 deals.