Dangote Cement, GTB, Others Boost Investors Gain By N185bn
The Nigerian capital market has opened the week with investors gaining the sum of N185.6bn in the first trading day of the week.
The bullish trend was induced by price appreciation in Dangote Cement Plc which rose by 5.7 per cent, Guarantee Trust Bank by 7.6 per cent and WAPCO which equally rose by 9.6 per cent.
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The price appreciation consequently drove market capitalisation to N12.93trn, while benchmark index surged by 146 basis points to close at 24,783.61 points.
Activity level was mixed as volume declined by 2.4 per cent to 170.0 milliob units while value traded increased marginally to N2.4bn.
The top traded stocks by volume were First Bank of Nigeria Holdings (42.7 million units), Custodian (20.7 million units) and Zenith Bank Plc (17.9 million units).
Dangote Cement Plc led by value at N430.5m, MTN Nigeria Plc N374.9m and Zenith Bank at N278.9m.
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On the gainers chart, Unity Bank Plc led by 9.6 per cent, WAPCO by 9.6 per cent and GTB 7.6 per cent.
On the losers list were, Mansard Insurance Plc , UAC-Property Development Plc 10 and Seplat Petroleum Development Co. Plc. These companies shares recorded a decline of 10.per cent on Monday.
