Nigerian stock market valuation hits record N162.39trn

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The Nigerian Exchange (NGX) market capitalisation reached a new all-time high on Monday, closing at N162.39 trillion.

The market valuation increased by 0.14 percent from the N162.15 trillion recorded at the close of trading on Friday.

The rise followed a 352.24 basis points gain in the All-Share Index (ASI), which ended the session at 250,156.80 points, up from Friday’s 249,804.56 points.

A total of 68,655 deals involving 574.19 million shares were recorded during Monday’s trading session, with transactions valued at N38.06 billion.

Top traders

Zenith Bank led trading volume with 77.07 million shares worth N9.90 billion.

Mutual Benefits Assurance followed with 53.58 million shares valued at N205.59 million, while Sterling Financial Holdings traded 44.23 million shares worth N339.33 million.

Guaranty Trust Holding Company (GTCO) recorded trades of 25.86 million shares valued at N3.41 billion, while AIICO Insurance traded 24.38 million shares worth N91.92 million.

Top advancers

Omatek Industries topped the gainers, rising by 10 percent from N1.20 to N1.32.

Thomas Wyatt Nigeria also gained 10 percent, moving from N2.30 to N2.53, while NASCON Allied Industries increased by 10 percent from N160 to N176.

SUNU Assurances rose by 10 percent from N2.80 to N3.08, while Consolidated Merchant Bank gained 9.8 percent, moving from N2.04 to N2.24.

Top decliners

Okomu Oil Palm led the decliners, dropping by 10 percent from N1,418 to N1,276.20.

Custodian Investment fell by 9.13 percent from N75 to N68.15, while Sovereign Trust Insurance declined by 8.64 percent from N2.20 to N2.01.

Haldane McCall dropped by 8.33 percent from N3.60 to N3.30, while Ellah Lakes declined by 5.39 percent from N8.35 to N7.90.