Investors on Nigerian bourse opens July with N534bn gain, Index up 1.61%

The Nigerian Exchange (NGX) Limited opened the first day trading the month of July N534 billion gains.

The market capitalization gained N534 billion to close at N33.731 trillion, 1.43 per cent rise as  against the N33.198 trillion recorded in the last trading session of last month.

The market All-Share Index (ASI) which closed June at 60,968.27 index points rose by 1.61 per cent on Monday to close the first trading of the month at 61,949.24 index points.

The market traded a total of 1.20 billion units of shares with the valued of N14.04 billion in 12,128 deals

Market breadth closed positive as JAPAULGOLD (10.00%) led gainers, TRIPPLEG (-9.87%) led losers while FCMB was the most traded equity – by volume – at the end of today’s session.

Trading volume was 20.23 per cent higher than the previous day’s session as 1.20 billion units of shares exchanged hands of investors in Monday transaction.

JAPAULGOLD, ETERNA, and MEYER led the top gainer’s chart as they all gained +10.00% each, even as TRIPPLEG, CORNEST, and NSLTECH led the top losers’ chart as they lost –9.87%, -9.09%, and –9.09% respectively.

FCMB led the chart in terms of volume as 173.81 million units were traded, followed by UBA (160.67 million) and ACCESS HOLDINGS (132.52 million) rounded up the top 3 traded stocks for today.

In terms of value traded, ACCESS HOLDINGS (N2.38 billion) led the chart followed by UBA (N2.12 billion) and FCMB (N930.70 million) to round up the top three.

Shares of stocks worth over one trillion (swoot) saw mixed results as ZENITH BANK (2.92%), MTN NIGERIA (1.68%), and GTCO (4.29%) closed positive, while DANGOTE CEMENT, AIRTEL AFRICA, BUA CEMENT, and BUA FOODS all closed flat.

Shares of tier 1 banks all saw positive trading sessions as GTCO (4.29%), UBA (9.8%), ACCESS HOLDINGS (9.94%), and ZENITH BANK (2.92%), FBN HOLDINGS (7.62%) all closed positive.