Investors gain N110bn as 28 stocks rise

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’Femi Asu

Investors in the nation’s stock market gained N110bn in value on Monday as 28 stocks recorded price appreciation at the end of trading on the floor of the Nigerian Stock Exchange.

The NSE All-Share Index increased by 0.98 per cent to close at 34,135.10 basis points, while the market capitalisation of listed equities appreciated to N11.804tn from N11.692tn on Friday.

The Cement Company of Northern Nigeria, which led the gainers on Monday, saw its share price rise by 10.17 per cent to close at N9.75.

The share prices of May & Baker Nigeria Plc and International Breweries Plc gained 9.87 per cent and 8.83 per cent, respectively, to close at N5.01 and N28.35.

AIICO Insurance Plc and Skye Bank Plc appreciated by 8.47 per cent and eight per cent, respectively, to close at N0.64 and N0.81 per share.

Nineteen companies, including Cap Plc, Mobil Oil Nigeria Plc, Forte Oil Plc and FBN Holdings Plc emerged losers at the close of trading on Monday.

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