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The All Share Index (ASI) of the Nigerian Stock Exchange (NSE), the benchmark stock index of the NSE, appreciated by 1.38 per cent to close at 27,339.68 points at the end of the trading day on Monday. According to daily market activity data on the NSE's website, market capitalisation also appreciated by 1.38 per cent to close at N13.199 trillion, as market sentiment improves.

The ASI grew on Friday by 0.38 per cent to close the week at 26,968.79 points, while market capitailisation reached N13.019 trillion. The Nigerian equities market had closed last year in negative territory as the ASI depreciated by 14.6 per cent in 2019. Year to Date (YTD), the benchmark stock index has increased by 1.85 per cent.    

A total turnover of 520.43 million shares valued at N5.35 billion were traded in 5,784 deals on Monday, compared to 608.86 million shares worth N3.761 billion that were exchanged on Friday.

The top five price gainers today were NASCON Allied Industries, Flour Mills of Nigeria, Dangote Sugar Refinery, Guaranty Trust Bank and Dangote Cement. While the top price losers included PZ Cussons Nigeria, Union Bank of Nigeria, Unilever Nigeria, MTN Nigeria Communications and Seplat Petroleum Development Company.

Zenith Bank topped the list of most traded equities on the NSE today, with 97.11 million of its shares traded, followed by Universal Insurance (70 million), United Bank for Africa (62.66 million) First City Monument Bank Group (54.86 million), and FBN Holdings (26.39 million).