Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Nigerian stock market kicked off the new trading week positively, thanks to gains recorded in the banking and consumer goods sectors.
Data published by Nigerian Exchange Limited showed that the All-Share Index rose from 105,752.61 points to 106,116.18 points, while the equities market capitalisation increased from N66.465 trillion to N66.693 trillion.
This means stock investors made a collective gain of approximately N228 billion.
Source: Getty Images
Explaining performance on Monday, Futureview research analysts said.
"“We anticipate a positive performance in the equities market this week, supported by strong corporate earnings releases and sustained dividend positioning by investors.
“Investor focus is expected to stay on undervalued, dividend-paying stocks as they seek stable returns in the near term.”
On Monday, investors in 17,637 deals exchanged 500,594,807 shares worth N12.110 billion.
Stocks like Access Holdings, Fidelity Bank, UBA, GTCO, and Nigerian Breweries were actively traded.
Here is a breakdown of market performance on Monday.
Source: Getty Images
Names of bank CEOs with highest salaries in Nigeria
Ealier, Legit.ng reported that Nigerian banks recorded strong financial performance in 2024, resulting in higher payouts for their executive.
Data shows that the combined take-home pay of CEOs from nine commercial banks totalled over N2 trillion.
Zenith Bank CEO, Adaora Umeoji, leads the list with the highest executive compensation for 2024.
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
Source: Legit.ng
