The Nigerian equities market extended its rally on Monday, lifting market capitalisation above N160 trillion as investors recorded a combined gain of N3.162 trillion.
The Nigerian stock market began the week on a positive note, as investors gained N443 billion amid renewed buying interest.
Market activity weakened, with total traded volume dropping by 31.33 per cent to 559.98 million shares.
Meanwhile, the market breadth closed positive with 39 gainers against 34 losers.
An evaluation of market activity revealed an increase in market volume and value, as well as a decline in transactions.
In spite of the decline, market breadth closed positive with 32 gainers compared to 21 losers.
A total of 1.19 billion shares worth N42.76 billion were exchanged across 37,418 transactions.
The All-Share Index (ASI) gained 1,303.04 points or 2.9 per cent to close at 46,232.37, compared with 44,929.33 on Tuesday, making it the highest since October 17.
The weak performance was as a result of continuous sell-offs in some large and medium stocks.
The All-Share Index advanced by 52.52 points or 0.11 per cent to close at 49,652.25 against 49,644.92 achieved on Wednesday.
