The Nigerian Exchange (NGX) Limited ended its first trading session of this week on a positive note after it improved by 0.12 per cent on Monday.
Buying pressure across key sectors of Customs Street influenced the growth achieved yesterday despite the global instability triggered by the war in Iran by the United States and Israel.
Energy stocks on the local bourse have continued to benefit from the crisis, which has raised the price of crude oil above $100 per barrel.
The energy index was up by 2.07 per cent during the session, and the consumer goods sector appreciated by 0.58 per cent, while the insurance and banking indices depreciated by 3.05 per cent and 0.99 per cent, respectively.
When the closing gong was struck on Monday, the All-Share Index (ASI) increased by 228.82 points to 197,196.97 points from 196,968.15 points, and the market capitalisation garnered N147 billion to settle at N126.584 trillion compared with last Friday’s N126.437 trillion.
The trio of Conoil, Legend Internet, and Omatek advanced by 10.00 per cent each to N185.90, N7.04, and N2.42 apiece, as NGX Group chalked up 9.97 per cent to trade at N166.00, and Oando appreciated by 9.96 per cent to N54.65.
Conversely, Aluminium Extrusion shrank by 10.00 per cent to N13.95, SCOA Nigeria declined by 9.90 per cent to N30.95, RT Briscoe lost 9.87 per cent to finish at N10.87, Sunu Assurances crashed by 9.81 per cent to N4.32, and Union Dicon lost 9.76 per cent to settle at N14.80.
The most active stock for the session was Fortis Global Insurance with 120.4 million units worth N174.1 million, Access Holdings exchanged 32.2 million units valued at N818.5 million, Chams traded 28.3 million units for N110.5 million, Zenith Bank transacted 25.3 million units worth N2.4 billion, and Japaul sold 21.6 million units valued at N82.1 million.
At the close of trades, market participants bought and sold 762.5 million shares for N31.2 billion in 86,488 deals during the session, in contrast to the 586.2 million shares valued at N30.6 billion traded in 62,699 deals in the preceding session, implying a spike in the trading volume, value, and number of deals by 30.08 per cent, 1.96 per cent, and 37.94 per cent apiece.