Trading on the floor of the Nigerian Exchange (NGX) Limited opened the new week on a positive note. The market rose by 0.89percent on Monday while investors in stocks booked over N177billion gain.

Equities like Julius Berger, Stanbic IBTC, UACN, John Holt, and International Breweries topped investors’ picks.

The market’s benchmark performance indicators –the All Share Index (ASI) and market capitalisation increased from 38,382.39 points and N20.082 trillion to 38,722.87 points and N20.259trillion respectively.

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Union Bank, GTBank, FBN Holdings, Zenith and Transcorp were most traded stocks on the Bourse. In 4,299 deals, investors exchanged 277,235,456 units valued at N3.053billion.

Julius Berger led the advancers after its share price moved up from N17 to N18.7, adding N1.7 or 10.percent. Stanbic IBTC also rose from N40 to N44, up by N4 or 10percent.

The market’s negative return year-to-date (ytd) has decreased to -3.84percent. Month-to-date (MtD), the market has decreased by 2.71percent.

UACN made the top gainers league, moving from N7.5 to N8, up 50kobo or 6.67percent. John Holt rose from 46kobo to 49kobo, up by 3kobo or 6.52percent, while International Breweries rose from N5.1 to N5.4, gaining 30kobo or 5.88percent.

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By Iheanyi Nwachukwu • March 22, 2021

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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