Shares in MTN Nigeria gained 10 percent on Monday, pushing up the Nigerian Stock Exchange (NSE) main index by 1.74 percent against 1.53 percent on Friday.
The Telecoms firm price closed at 119.75 naira after investors bought and sold 6.15 billion naira worth of the company's shares. The company has so far gained 31 percent since it was listed on the Premium board of the stock exchange last Thursday.
Other top drivers of the market on Monday are Dangote Cement, Zenith Bank, Guinness Nigeria and FCMB.
MTN Nigeria also emerged as the most traded stock on the floor of the exchange with a total of 51.40 million bought and sold by investors and followed by shares of FBN Holdings and United Bank for Africa (UBA) a total of 17.40 million shares of FBN holdings and 17.20 million shares of UBA exchanged hands during trading on Monday.
At the close of business, a total of 214.42 shares valued at 7.93 billion naira exchanged hands on the floor of the exchange rate.
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