Trading on the Nigerian Stock Exchange closed 0.34 percent higher on Monday, notwithstanding  the 77 percent decline recorded in the day’s turnover.

Investors in 2,160 deals traded a total of N110 million shares worth N985.7 million, compared to a total of 480 million shares worth N1.978 billion traded in 2,713 deals last Friday.

The Nigerian Stock Exchange All Share Index therefore closed at 25,249.49 basis points, compared to previous sessions 25,164.91 basis points when the ASI grew by  0.44 percent, while its Year-to-Date (YTD) returns currently stands at -6.05 percent.

Market capitalization also grew by N29.3 billion to close at N8.738 trillion compared to a previous appreciation of N37.9 billion to close at N8.709 trillion.

The price movement chart showed that PZ Nigeria led the day’s 10 advancing stocks by 9.04 percent to close at N14.60, Diamond Bank was next with a growth of 4.88 percent to close at 86 kobo and Nascon Allied Industries added 4.55 percent to close at N7.35.

Nigerian Breweries and Caverton came fourth and fifth on the gainers list with an appreciation of 4.18 and 3.33 percent to close at N119.81 and 93 kobo per share respectively.

On the other hand, Forte Oil led 19 stocks that declined on Monday with a loss of 5.02 percent to close at N56.24, followed by UACN, which shed 4.95 percent to close at N13.64, Nigerian Aviation Handling Company dropped 4.67 percent to close at N2.45, Honeywell Flourmills fell 4.55 percent to close at N1.05, while Initiates depreciated 4.49 percent to close at 85 kobo.

United Capital emerged the day’s most traded equity with an exchange of 16.7 million shares worth N63.4 million. It was trailed by Zenith Bank that accounted for 16.1 million shares valued at N241.1 million. Fidelity Bank recorded the sale of 11.4 million shares worth N9.3 million; Standard Trust exchanged 10.1 million shares valued at N5 million while International Breweries traded 7.3 million shares worth N113.8 million.


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