Stock Market Gains N110bn as 28 Stocks Rise

• Stock Market Gains N110bn as 28 Stocks Rise

The Nigerian Stock Exchange market gained N110 billion in value on Monday as stocks of 28 companies closed in green.

The gauge, NSE All-Share index, rose 0.98 percent to 34,135.10 basis points, while the market capitalisation of listed equities climbed to N11.804 trillion on Friday.

Top gainers were led by the Cement Company of Northern Nigeria, which saw its share price rise 10.17 percent to N9.75.

While International Breweries Plc and May & Baker Nigeria Plc climbed 8.83 percent and 9.87 percent respectively, to close at N28.35 and N5.01 per share.

Skye Bank Plc gained 8 percent to close at 0.81 percent per share, and AIICO Insurance Plc surged 8.47 percent to close at 0.61 percent.

However, a total of 19 companies emerged losers at the close of trading, these includes Forte Oil Plc, Mobile Oil Plc, Cap Plc and FBN Holdings Plc.