Equity investors gained about N65 billion as the Nigerian Exchange (NGX) all-share index advanced by seven basis points, reversing negative performance experienced last week.
This is just as Nigerias external reserves hit $40.72bn, the highest level since June.
This according to analysts gives the Central Bank of Nigeria (CBN) extra firepower to support the naira.
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The market index, year-to-date return, and market capitalization surged due to positive price movement recorded in the local bourse Monday.
AIICO, DANGSUGAR, UNILEVER, WEMABANK, and 39 others drove the stock market rally.
The Nigerian Exchange index climbed by 94.27 basis points, up by 0.07%, to close at 144,722.47 basis points. Market activities were mixed, as the total volume of all trades consummated on the exchange decreased by -16.12%, while the total value increased by +17.55%.
In a note, Atlass Portfolio Limited told investors that approximately 1,146.66 million units valued at N16,173.88 million were transacted across 38,160 deals. In terms of volume, UNIVINSURE led the activity chart, accounting for 19.35% of the total volume of trades, followed by LINKASSURE (7.45%), LASACO (6.35%), MBENEFIT (5.53%), and VERITASKAP (5.10%), rounding out the top five.
GTCO emerged as the most traded stock in value terms, accounting for 6.96% of the total value of all transactions on the exchange.
