Thursday, January 21, 2021

Stock market gains N16bn after first weekly loss

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The equity market, on Monday returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose by 0.08 per cent.

The market breadth closed on a positive note with 28 gainers against 24 decliners.

The ASI grew by 30.56 basis points or 0.08 per cent from 40,120.22bps last Friday to 40,150.78bps on Monday while the market capitalisation of equities appreciated by N16bn to close at N20.99tn from N20.98tn.

The insurance subsector dominated in volume terms with 153.12 million shares exchanged in 373 deals. shares exchanged in 5,338 deals on Monday.