Lagos, Dec. 12, 2023: The equity market on Nigerian Exchange Ltd. (NGX) on Monday closed on a positive note, due to bargain hunting in Airtel and Ecobank Transnational Incorporated (ETI).
Specifically, the market capitalisation increased by N70 billion or 0.18 per cent, closing at N39.219 trillion as against N39.149 trillion which posted on Friday.
Consequently, the NGX All-Share Index(ASI) increased by 128.17 points or 0.18 per cent to close at 71,669.91 basis points, as against 71,541.74 recorded on Friday.
As a result, Year-to-Date (YTD) returns strengthened to 39.4 per cent.
VeritasKapital was the most traded stock by volume with N88.44 millon, while Access Holdings was the most traded stock by value with N61.27 billion units traded.
Trading activities ended with 30 gainers and 23 losers.
The market analysis showed that Skye Shelter Fund led the gainers’ chart in percentage terms by 9.98 per cent to close at 101.35k per share.
ETI followed with a gain of 2.05 per cent to close at N22.80, while Deap Cap rose by 0.06 per cent to close at N0.67 per share.
SCOA went up by 0.13 per cent to close at N1.48, while Infinity appreciated by 0.17per cent to close at N1.94per share.
On the other hand, RTBriscoe led the losers’ chart in percentage terms by 0.06 per cent to close at N0.56 per share.
Secure Electronic Technology followed with 0.07 per cent to close at N0.68 per share.
NEM Insurance shed 0.55 per cent to close at 5.25k, while NNFM lost 3.25 per cent each to close at 35.25k.
Also, UPDC Real Estate Investment Trust declined by 0.40 per cent to close at 4.60k per share.