The Nigerian All-Share Index started the week on a powerful observe on Monday, October 13, advancing by 729.2 factors to shut at 147,717.2.
This represents a 0.50% enhance from the earlier shut of 146,988.1, as large-cap shares akin to Transcorp Energy and Stanbic IBTC ended within the inexperienced.
Buying and selling quantity almost doubled, reaching 624 million shares in comparison with 385 million within the earlier session.
Market capitalization additionally superior to N93.7 trillion, up from N93.2 trillion, throughout 31,563 offers.
Buying and selling quantity
Each day market quantity rose sharply to 624 million shares, in comparison with 385 million within the earlier session.
Shares Value Over One Trillion Naira (SWOOTs) ended the session totally on a constructive observe.
Among the many tier-one banks (FUGAZ), efficiency was combined.
On the draw back, GTCO declined 1.05%, whereas Zenith Bank shed 0.73%.
Market outlook
The Nigerian All-Share Index has firmly re-established its bullish momentum, reclaiming and surpassing the 146,000 and 147,000 ranges.
Sustained positive factors in mid- and large-cap shares are anticipated to additional strengthen the rally within the close to time period.
