Activity level rose as volume and value traded advanced by 9.2 per cent and 45.6 per cent to 151.715 million units and N1.504bn, respectively.
The most active stocks by volume were FCMB Group Plc (55.7 million units), Transnational Corporation of Nigeria Plc (17.2 million units) and FBN Holdings Plc (14.4 million units) while Nestlé (N486.1m), Dangote Cement Plc (N270m) and Guaranty Trust Bank Plc (N172.1m) led by value.
Performance across sectors was bearish as only the industrial goods index recorded gains on the back of price appreciation in Cement Company of Northern Nigeria Plc and Cutix Plc.
The oil and gas index led the laggards, declining by 4.2 per cent due to major price depreciation in Seplat and Oando Plc.
The consumer goods and insurance indices lost 1.2 per cent and 0.2 per cent, respectively, following sell pressures in Nestlé, Nigerian Breweries Plc and AXA Mansard Insurance Plc.
Major losses in Stanbic IBTC and Access Bank Plc dragged the banking index down by 0.1 per cent while the AFR-ICT index closed flat..
Investor sentiment strengthened as market breadth (advance/decline ratio) inched up to 1.1x from the 0.6x recorded on Friday.