First Bank, UCAP, Mansard propel rally in Nigerian Stocks.

First Bank, UCAP, Mansard propel rally in Nigerian Stocks

Nigerian stocks gained 0.05% on Monday, extending a rise that began on Wednesday as stocks in the financial sector garnered momentum.

The all-share index increased by 21.88 points to 40,243.05 index points, while the market capitalization reached N20.97 trillion. Year to date, the index has lost 0.07%.

In total, N1.9 billion worth of shares worth 202.4 million traded in 4,066 transactions on Monday.

As a result, 19 million shares trading for N46.8 million worth of Fidelity bank stock transacted in 169 transactions.

18.3 million shares of GTCO were exchanged in 311 transactions at a price of N512.4 million.

The N147.9 million value of FBN Holdings shares was traded in 200 trades totalling 18.1 million shares

A 28% fall in volume and a nearly 35% increase in turnover accompanied the decline in volume. Positive breadth was evident as 23 gainers outpaced 14 losers.  The bourse is likely to show some profit-taking this week after a strong rally last week.

Top 5 gainers

A 9.87% gain was recorded for Mansard at N2.56. Pharma Deko finished the day at N2.58 with a gain of 9.79%, while UPL rose to N1.35, gaining 9.76%. With the increase, consolidated Hallmark’s value went up 8.77%. In the top 5, Eterna surged by 8.57% to N7.60.

Top 5 losers

The price of Morton was down 10% to N1.89. NNFM was down 9.94% at N7.70 at the close.

Veritas dropped to N0.21, losing 8.70%. Cornerstone fell to N0.53, depreciating 8.62%. Jamiz Bank closed at N0.57, declining by 5%.

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