The Nigerian Stock Exchange opened the week on a positive note with the major market indicators rising to new highs in the equities segment.
The market capitalisation rose above N14tn (to N14.027tn) for the first time after gaining N97bn or 0.7 per cent.
The NSE All-Share Index also extended gains recorded in the previous session as it rose by 0.7 per cent or 294.86 basis points to close at 42,482.48 basis points, compared to the 1.10 per cent appreciation it recorded to close at 42,187.64 basis points on Friday.
The banking subsector led the activity chart on Monday, accounting for 28 per cent of total turnover traded.
A total of 113.634 million shares valued at N1.313bn were traded in 1,277 deals in the subsector.
Volume in the subsector was driven by trading in the shares of United Bank for Africa Plc, Guranty Trust Bank Plc, Zenith International Bank Plc and Diamond Bank Plc.
In all, investors exchanged 408.517 million shares worth N7.570bn in 5,882 deals on Monday with 23 stocks recording gains and 36 recording losses.
Oando Plc topped the gainers after rising by 6.91 per cent or N1.89 to close at N29.25 per share.
Transnational Corporation of Nigeria followed with a 6.54 per cent or 31 kobo gain to close at N5.05 per share.
Mobil Nigeria Plc and Total Nigeria Plc gained five per cent each to close at N137.55 and N179.60 per share, respectively, while University Press Plc appreciated by 4.92 per cent or 22 kobo to close at N4.69 per share.
On the other hand, Japaul Oil and Maritime Services Plc led the losers after declining by 9.09 per cent or six kobo to close at 60 kobo per share.
Caverton Offshore Support Group was down by 4.88 per cent to close at N6.24 per share, while AG Leventis Plc fell by 4.86 per cent to close at N1.37 per share.
