• Share Prices Surged as Investors Jumped on MTNN, BUA, Others

Stock prices surged on Monday as investors jumped on MTN Nigeria, BUA Cement and other fundamentally strong stocks.

The market capitalisation of listed stocks increased by N121 billion to N13.171 trillion on Monday, up from N13.050 trillion it closed on Friday.

While the NSE All-Share Index expanded by 0.93 percent from 25,016.30 basis points on Friday to settle at 25,249.96 bps on Monday.

Total shares of 230.492 million valued at N2.166 billion were traded in 4,621 transactions during the trading hours of Monday.

In terms of the volume traded, the FBNH led with 34.502 million shares worth N188.347 million. Guaranty Trust Bank came second with 22,881,532 shares valued at N550,138,397.90.

Japaul Oil, UBA and Zenith Bank did 21,213,872, 19,537,839 and 19,273,434 shares worth N6,367,955.12, N131,951,463.00 and N327,058,856.85, respectively.

Top Gainers

MTN Nigeria led the top gainers’ table with N2 gain to close at N118 per share on Monday.

BUA Cement came second with N1.5 to settle at N41.5 per share following the release of its positive unaudited financial statements on Monday. UACN, NB and VITAfoam added 50 kobo, 50 kobo and 29 kobo to close at N8.25, N42.5 and N5.4 per share, respectively.

Top Losers

Dangote Sugar led the top losers’ table with 40 kobo loss to close at N14.55 per share. This was followed by Guinness’s 30 kobo, Eterna 12 kobo, Cornerst 5 kobo and Custodian 5 kobo.