The market gained 2.93% at the close of today’s trading as the two telecom companies on the NGX……. Airtel Africa and MTN Nigeria were granted Approval In Principle by CBN, to commence the operation of Payment Service Bank.
Transactions on the floor of the Nigerian Exchange on Monday closed on a positive note as the All Share Index appreciated by 2.93% to settled at 43,246.87points, from the previous close of 42,014.50points, bringing the year-to-date to 9.26%, the month-to-date to 10.83% and the week-to-date to 2.93% respectively.
Investors gained 643Billion as Market Capitalization appreciated by 2.93% to close at N22,569trillion from the previous close of N21.926trillion. An aggregate of 443,606million units of shares were traded in 5,233 deals, valued at N5.048Million.
The market breadth closed negative as 18 equities gained while 26 equities declined in their share prices.
Airtel Africa Plc led other gainers with 10% growth to close at N858 from the previous close of N780.
Redstar Express, Cutix and MTN Nigeria Plc amongst other gainers also grew their share prices by 9.94%, 9.91% and 9.62% respectively.
Conoil Plc led other price decliners as it shed 9.80% off its share price to close at N23 from the previous close of N25.50.
CWG, Custodian Insurance and Honeywell Flour Plc amongst other losers also shed their share prices by 9.73%, 9.47% and 9.07% respectively.
Sterling Bank Plc traded about 81,232million units of its shares in 67 deals, valued at N121,847Million.
UACN Plc traded about 67,245million units of its shares in 57 deals, valued at N706,443Million.
First Bank Plc traded about 42,235million units of its shares in 305 deals, valued at N473,448Million.