Transactions on the floor of the Nigerian Exchange Group Plc (formerly known as the Nigerian Stock Exchange) closed yesterday with an N94 billion growth, as market capitalization returned to the N20 trillion thresholds.

According to the data tracked by, the All-Share Index rose by 180.89 0r 0.47% to close at 38,437.88 points compared to 38,256.99 points achieved on Friday. Sequel to this, the market capitalization surged by N94 billion to close at N20.034 trillion, from N19.94 trillion recorded as at the close of trading on Friday.

The recent gains moderated the month-to-date and year-to-date losses to 3.5% and 4.6% respectively. On a general note, the market recorded 23 laggards in contrast with 18 gainers during the period under review.

From an analyst point of view, it is technically safe to assert that the recent gain was driven primarily by the price appreciation in large and medium capitalized stocks among which are; MRS oil, Vitafoam, PZ, AIICO among others.

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A total of 201.86 million units of shares valued at N2.12 billion were traded in 3,827 deals. This is about 11.7% lower than the 228.67 million units of shares valued at N3.67 billion and exchanged in 3,318 deals on Friday. These deals are largely dominated by leading banks such as Fidelity, Access, FBN etc.

Top Gainers

The top gainers for today are;

  • MRS Oil dominated the gainers’ chart in percentage terms with 9.57% to close at N12.60 per share.
  • Vitafoam emerged as the second most advanced stock on the floor of the NGX today, after it gained 8.91% in its share price to close at N11.
  • Chams Plc place third after its share price rose by 5% to close at 21 kobo per share.
  • PZ Cussons also made the elite list today, after gaining 3.77% in value today, to close at N5.50.
  • AIICO completed the list of top five, after it gained 3.45% to close at N1.20 per share.

Top Losers

On the hand, the following stocks witnessed a severe slump or shock in their share prices for today;

  • Royal Exchange led the losers’ chart with a slump of 9.88% to close at 73 kobo per share.
  • Consolidated Hallmark Insurance followed with a loss of 9.59% to close at 66 kobo
  • Neimeth International lost 8.51% to close at N1.72 per share.
  • Mutual Benefits Assurance dipped by 8.33% to close at 44 kobo per share.
  • Regency Alliance Insurance lost 8.16% of its share price to close at 45 kobo per share.

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