The Nigerian stock market has risen by 0.33 percent in the opening of this new week, which translates to a gain of N515 billion.
Renewed investors interest in stocks like: International Energy Insurance, The Initiates, ABC Transport, Abbey Mortgage Bank, UPDCredit led to the positive performance.
Market capitalisation rose by N515 billion, increasing from N155.593 trillion to N156.108 trillion.
Similarly, the All-Share Index gained 802.94 points, or 0.33 percent, advancing from 242,593.31 to 243,396.25.
The market Year-to-Date return grew to 56.41 percent.
Market breadth also closed with 32 gainers and 30 losers.
International Energy Insurance led the gainers’ chart by 9.92 percent, settling at N7.98, The Initiates followed by 9.91 percent, closing at N32.15 while ABC Transport gained by 9.68 percent, finishing at N6.80 per share.
Abbey Mortgage Bank advanced by 9.63 percent, ending the session at N10.25 and UPDCredit increased by 8.91 percent, finishing at N11 per share.
On the flip side, Fidson Healthcare topped the losers’ chart by 10 per cent, closing at N122.85, Academy Press trailed by 9.70 percent, ending the session at N7.45 and RT Briscoe shed by 9.43 percent, settling at N13.45 per share.
Also, Sunu Assurances dipped by 9.38 per cent, closing at N4.06 while Learn Africa fell by 8.70 percent, finishing at N10.50 per share.
Meanwhile, a total of 717.16 million shares worth N56.66 billion were traded across 73,321 transactions, compared to 608.49 million shares valued at N32.03 billion that was exchanged in 53,826 deals earlier on Friday.
This reflected an overall improvement in market activity, with gains recorded in trading volume, value and the number of deals executed.
FCMB emerged as the most actively traded stock by volume, with 157.80 million shares exchanged, representing 21.15 percent of the day’s total volume.
Dangote Cement led in value traded, recording transactions worth N29.77 billion, which accounted for 51.28 percent of the total value of trades executed during the session.