NAHCO and UACN among top stocks as Nigerian capital market rebounds with N127.5 billion gain for shareholders

The Nigerian stock market opened the week’s trading on a positive note with the stock market capitalization up 0.50% on Monday.

The development gave stock market investors a gain of N127.5 trillion following the rise in market capitalization to N25.26 trillion from N25.13 trillion released last Friday.

Similarly, the All-Share index rose 324.44 basis points to close at 46,867.95 from 46,543.51 reached last week.

Investors spent 3.82 billion naira on 224.64 million shares in 5,946 trades on Monday.

That topped the 1.75 billion naira investors parted with for 154.12 million shares in 4,515 trades on Friday.

NAHCO topped the winners table with N0.50kobo to drop from N5 to N5.50kobo per share after eight hours of trading.

UAC Nigeria’s share increased by N1 from N10.10kobo to N11.10kobo per share.

Meyer’s share rose by N0.11kobo from N1.13kobo to N1.24kobo per share.

Royal Exchange gained 9.47% to end trading at N1.04 against N0.95kobo per share.

Learn Africa topped the list after earning N0.16kobo to close at N1.89kobo from N1.73kobo per share.

READ ALSO: Investors lose 83.5 billion naira in 8 hours as bears tighten grip on Nigerian stock market

On the losers board, Academy lost N0.17kobo to drop from N1.77kobo to N1.60kobo per share.

Mutual Benefit’s share fell 7.69% to end trading at N0.24kobo from N0.26kobo per share.

Japaul Gold’s stock fell from 0.34 kobo to 0.36 kobo per share after losing 5.88% during trading.

Multiverse lost 4.55% to end trading with N0.21kobo of N0.22kobo per share.

Prestige completed the list after losing 4.44% of its share price to drop from N0.45kobo to N0.43kobo per share.

GTCO led the day’s trading with 43.24 million shares valued at N994.24 million.

Zenith Bank followed with 31.12 million shares valued at N740.24 million.

Sterling Bank traded 23.42 million shares worth N35.11 million.

Fidelity Bank sold 13.83 million shares worth N51.18 million, while AccessCorp traded 12.37 million worth N124.73 million.

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