Lagos: The equities market started the week on a strong note, with investors gaining N9 billion on Monday.
Gains in Premier Paint, Universal Insurance, Daar Communications, RT Briscoe, Morrison, and 25 other stocks drove the positive performance.
Market capitalisation rose by N9 billion, or 0.01 per cent, from N106.153 trillion to N106.162 trillion.
In line with this, the All-Share Index (ASI) gained 0.01 per cent, or 14.24 points, to settle at 165,384.64, up from 165,370.40 recorded on Friday.
However, market breadth ended negatively, with 44 stocks declining and 30 advancing.
Omatek led the losers’ chart by10 per cent, closing at N2.70, Union Homes Real Estate Investment trailed by 9.96 per cent, settling at N85.40, while AXA Mansard fell by 9.94 per cent, ending the session at N14.31 per share.
Deap Capital Management dropped by 9.90 per cent, finishing at N8.46, and Cileasing shed by 9.80 per cent, closing at N6.90 per share.
Premier Paint and Universal Insurance topped gainers, each rising 10 per cent to N11 and N1.32 per share, respectively.
Daar Communications rose by 9.93 per cent, finishing at N1.55, RT Briscoe increased by 9.92 per cent, settling at N8.64, and Morison grew by 9.91 per cent, closing at N10.98 per share.
Analysis of market activity showed an overall increase in deal volume and value.
Investors traded a total of 762.8 million shares valued at N18.4 billion across 55,374 deals, compared with 687.4 million shares valued at N14.9 billion exchanged in 41,553 deals posted previously.
Among individual stocks, Tantaliser recorded the highest volume with 88.49 million shares, accounting for 11.60 per cent of the total volume traded for the day.
Zenith Bank recorded the highest value traded at N2.87 billion, accounting for 15.61 per cent of the total value traded for the day.
