Lagos: The equities market rebounded on Monday from its previous session’s loss as investors gained N1.725 trillion.
Investors’ renewed interest in key stocks like NGX Group, Aradel, Union Homes Real Estate Investment, Sovereign Trust Insurance, PZ and 26 other advancing stocks contributed to the market’s positive performance.
The market capitalisation increased by N1.725 trillion or 1.39 per cent, rising from N123.763 trillion at the opening to N125.488 trillion at the close.
The All-Share Index (ASI) advanced 1.39 per cent, gaining 2,687.45 points to close at 195,514.23, up from 192,826.78 on Friday.
This raised the Year-to-date (YTD) return to 25.64 per cent.
Market breadth was flat, with 31 gainers and 31 losers.
NGX Group led gainers with a 10 per cent increase to N136.40. Aradel followed, up 9.99 per cent to N1,992.30. Union Homes Real Estate Investment gained 9.96 per cent to N76.15 per share.
Sovereign Trust Insurance advanced 9.95 per cent to N2.43. PZ Cussons rose 9.72 per cent to N79 per share.
Custodian Investment led losers, declining 10 per cent to N61.20. Mc Nicholas dropped 9.92 per cent to N7.63, and Africa Prudential fell 9.75 per cent to N16.20 per share.
Chams lost 9.11 per cent to N4.09. Neimeth Pharmaceutical slipped 8.23 per cent to N10.60 per share.
A total of 789.8 million shares valued at N35.08 billion were traded in 84,259 deals, versus 823.8 million shares worth N34.8 billion in 63,759 previous transactions.
This represented a one per cent increase in value, 32 per cent more deals, and a four per cent decline in volume.
Fortis Global Insurance had the highest volume, with 109.07 million shares traded—13.81 per cent of the day’s total volume.
Aradel accounted for the highest value at N6.09 billion, or 17.37 per cent of the day’s total.
