The shares of Julius Berger Plc led other major advancers like Cutix Plc, MC Nichols Plc, and Veritas Kapital Assurance Plc that caused NGX All Share Index (ASI) to rise by 0.31percent on Monday. The local bourse had last week extended its bearish run as the NGX All Share Index (ASI) declined by 2.51 percent wee-on-week (w/w).
Leading the league of major gainers on Monday, Julius Berger share price increased from N132.90 to N146.10, rising by N13.20 or 9.93 percent. Another major advancer Cutix moved from N3.55 to N3.90, adding 35kobo or 9.86 percent.
“Buy-side signals remain positive as investors rotate back into recently corrected names. The market bias is risk-on, driven by supportive fundamentals,” Vetiva research analysts said.