See more as investors made over N200bn in hours as Stock market opens new week positively

• The Nigerian banal marketplace kicked disconnected the caller week with a beardown show arsenic investors connected Monday
• Data shows that user goods, banking and security stocks pushed the marketplace higher erstwhile again
• Cadbury, International Breweries, Fidson and Eterna recorded the biggest gains aft 4 hours of trading

Legit.ng journalist Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

The Nigerian banal marketplace kicked disconnected the caller trading week positively, acknowledgment to gains recorded successful the banking and user goods sectors.

Data published by Nigerian Exchange Limited showed that the All-Share Index roseate from 105,752.61 points to 106,116.18 points, portion the equities marketplace capitalisation accrued from N66.465 trillion to N66.693 trillion.

This means banal investors made a corporate summation of astir N228 billion.

Nigerian ivestors marque much wealth arsenic stocks marketplace rally connected Monday Photo credit: Bloomberg/contributor
Source: Getty Images

Explaining show connected Monday, Futureview probe analysts said.

"“We expect a affirmative show successful the equities marketplace this week, supported by beardown firm net releases and sustained dividend positioning by investors.“Investor absorption is expected to enactment connected undervalued, dividend-paying stocks arsenic they question unchangeable returns successful the adjacent term.”

Snapshot of the market

On Monday, investors successful 17,637 deals exchanged 500,594,807 shares worthy N12.110 billion.

Stocks similar Access Holdings, Fidelity Bank, UBA, GTCO, and Nigerian Breweries were actively traded.

Here is simply a breakdown of marketplace show connected Monday.

Top gainers:

• International Breweries Plc: Last closed astatine N7.70, present N8.47, gaining N0.77 (+10.00%).
• Legend Intercontinental Plc: Last closed astatine N6.82, present N7.50, gaining N0.68 (+9.97%).
• Cadbury Nigeria Plc: Last closed astatine N26.60, present N29.25, gaining N2.65 (+9.96%).
• Fidson Healthcare Plc: Last closed astatine N18.60, present N20.45, gaining N1.85 (+9.95%).
• Eterna Plc: Last closed astatine N39.90, present N43.85, gaining N3.95 (+9.90%).

Nigerian banal marketplace improved connected fthe irst trading day Photo credit: nurphoto
Source: Getty Images

Top losers:

• Livestock Feeds Plc: Last closed astatine N9.50, present N8.55, losing N0.95 (-10.00%).
• Aradel Holdings Plc: Last closed astatine N497.00, present N448.00, losing N49.00 (-9.86%).
• Tripple Gee and Company Plc: Last closed astatine N1.98, present N1.79, losing N0.19 (-9.60%).
• John Holt Plc: Last closed astatine N6.30, present N5.80, losing N0.50 (-7.94%).
• Linkage Assurance Plc: Last closed astatine N1.30, present N1.22, losing N0.08 (-6.15%).

Top progressive trades:

• Access Holdings Plc: 60,867,183 shares traded, valued astatine N1.45 billion.
• Fidelity Bank Plc: 56,105,887 shares traded, valued astatine N1.13 billion.
• United Bank for Africa Plc: 34,529,886 shares traded, valued astatine N1.17 billion.
• Guaranty Trust Holding Company Plc: 33,497,705 shares traded, valued astatine N2.18 billion.
• Nigerian Breweries Plc: 28,336,963 shares traded, valued astatine N1.15 billion.

Names of slope CEOs with highest salaries successful Nigeria

Ealier, Legit.ng reported that Nigerian banks recorded strong fiscal show successful 2024, resulting successful higher payouts for their executive.

Data shows that the combined take-home wage of CEOs from 9 commercialized banks totalled implicit N2 trillion.

Zenith Bank CEO, Adaora Umeoji, leads the database with the highest enforcement compensation for 2024.

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Source: Legit.ng