Investors on the Nigerian capital market have gained N9.3bn during the first trading day of the week.
Trading opened on a bullish note as the All-Share Index expanded seven basis points to 25,327.13 following price appreciation in shares of Dangote Cement Plc by 0.5 per cent, Guinness Nigeria Plc by 1.3 per cent and WAPCO by 3.5 per cent.
The bullish performance on the Nigerian Stock Exchange boosted market capitalisation to N13.2trn as year to date loss reduced by 5.6 per cent.
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A breakdown of the trading activity showed that there were improved activity levels as volume traded increased by 120.4 per cent to 302 million units.
The value of the shares traded surged by 185.5 per cent to N2.6bn on Monday.
Further analysis of the trade showed the most active stocks by volume were UAC of Nigeria Plc trading 74.4 million units, Zenith Bank Plc 23.9 million units and United Bank for Africa traded 22.4 million units.
By value of trade, UAC of Nigeria led with N435.3m, followed closely by Zenith Bank with N400.4m and NESTLE with N289.7m.
Performance across sectors were bearish with the exception of the Oil and Gas and Industrial Goods indices which rose by 199bps and 55bps respectively.
The results showed that performance in the oil and gas sector was pushed by price appreciation in Mobil by ten per cent.
The banking index plunged by 74 basis points due to losses in Access Bank Plc by 3.3 per cent and Zenith Bank by 0.6 per cent.
Consumer goods index fell by one basis pointa owing to sell-off in Guinness Nigeria PLC by 2.5 per cent.