Nigerian Exchange Ltd. (NGX) resumed trading in the week on a bullish trend with the All-Share Index recording a 0.14 per cent rise, as investors continued to position ahead of full-year results and dividend declaration.
Specifically, the All-Share Index inched higher by 66.11 points or 0.14 per cent to close at 47,394.53 from 47,328.42 achieved on Friday.
Also, the market capitalisation, which opened the week at N25.507 trillion rose by N36 billion or 0.14 per cent to close at N25.543 trillion.
The upturn was impacted by gains recorded in the insurance sector.
Market breadth closed positive with 23 gainers as against 15 losers.
Linkage Assurance Plc led the gainers’ chart in percentage terms with 10 per cent increase from 5k gain to close at 55k per share.
Royal Exchange Plc posted 9.60 per cent, gaining 12k to close at N1.37 per share.
Also, Regal Insurance and SunAssurance recorded an increase of 7.69 per cent each with a gain of 3k each to close at 42k per share respectively.
Niger Insurance advanced with 7.14 per cent with 2k to close at 30 per share.
Conversely, the Academy Press led the losers’ chart in percentage terms with a loss of 9.69 per cent, losing 19k to close at N1.77 per share.
R.TBriscoe shed 9.57 per cent, dropping 9k to close at 85k per share while JaizBank fell by 5.19 per cent with a loss of 4k to close 73k per share.
Also, VitaForm and AfriPrud dropped 4.9per cent and 4.75 per cent, losing N1.15 and 35k to close at N22.3 and 35k respectively.
Meanwhile, the total volume of shares traded appreciated by 18.73 per cent with an exchange of 300.76 million shares worth N2.77 billion in 5,434 deals.
This was in contrast with 253 million shares valued N2.75 billion exchanged in 4,266 deals on Friday.
FCMB topped the activity chart with 104.41 million shares worth N323,59 million; Transcorp sold 17.01 million shares valued N20.78 million, while Zenith Bank accounted for 15.49 million shares worth N419.42 million.
R.TBriscoe sold 12.65 million shares valued N11.59 million, while Ecobank Transnational Incorporation transacted N11.89 million shares worth N149.23 million.