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Johnson Okafor
Equity trading on the floor of the Nigerian Stock Exchange on Monday closed on the positive note with a gain of N46bn as the bulls regained grip on trading activities.
The market performance indices, NSE ASI, appreciated by 0.21 per cent with market breathe, however, closing negative with 19 gainers against 30 losers.
Consequently, the All-Share Index grew by 86.97 basis points or 0.21 per cent from 41,001.99 index points last Friday to 41,088.96 while the market capitalisation of equities appreciated by N46bn to close at N21.49tn from N21.45tn.
On the activity chart, the banking sub-sector dominated in volume terms with 64.12m shares exchanged in 938 deals. The sub-sector was enhanced by the activities in the shares of Fidelity Bank Plc and Union Bank Plc.