The Nigerian stock market kicked off the new week, on Monday, October 11 on a positive note after a string of abysmal trading the previous week.
Following the positive run, the market capitalisation leaped by N31 billion to close at N9.592 trillion.Likewise, the All Share Index gained 90.13 absolute points, representing a growth of 0.32 per cent to close at 27,925.35 points.
The surge in market value was buoyed by value appreciation recorded by a number of large capitalised stocks, including, Guaranty Trust Bank, Zenith Bank, Seplat and Nigerian Breweries.
However, market breadth remained negative, with 17 gainers versus 24 losers. Caverton recorded the highest price gain of 8.96 per cent, to close at 73 kob per share. Union Bank gained 5 per cent to close at N5.04, while Wapco appreciated by 3.81 per cent to close at N49 per share.
AG Leventis went up by 3.33 per cent to close at 93 kobo, while Transnational Express appreciated by 2.94 per cent to close at N1.05 per share.
Conversely, Guinness led the losers’ chart by 9.75 per cent, to close at N79.83 per share. Diamond Bank shed 5.51 per cent to close at N1.20, while CCNN declined by 5 per cent to close at N5.70 per share.
African Prudential depreciated by 4.95 per cent to close at N2.69 and Vitafoam declined by 4.68 per cent each to close at N2.65 per share.
Meanwhile, the total volume traded went down by 14.51 per cent to 171.46 million shares, valued at N1.73 billion, and traded in 3,045 deals.
