Equities market begins week positively, as investors gain ‎N28.3bn

NIGERIAN Stock Exchange (NSE) opens the week trading green when the market indicators, All Share Index and market capitalisation increased by 0.32 per cent, on Monday.

The All Share Index closed at 25,246.31 bases points after it appreciated by 81.4 basis points or 0.32 per cent from 25,164.91 it closed on Friday, while market capitalisation added N28.3billion to close at N8.737trillion from N8.709trillion it closed on the previous day.

Nigeria Breweries led the gainers’ table when it added 481 kobo to close at N119.81 per share, followed by Pz Cussons, which grabbed 121 kobo to close at N14.6 per share, National Salt Company of Nigeria gained 32 kobo to close at N7.35 per share. Guinness Nigeria gained 15 kobo to close at N61.1 per share, while UAC Properties increased by 5kobo to close at N1.99 per share, among others.

Forte Oil led the decliners’ table with a loss of 297kobo to close at N56.24 per share, followed by International Breweries, which shed 47kobo to close at N15.68 per share, Guaranty Trust Bank depreciated by 14 kobo to close at N24.16 per share, Access Bank dropped 12kobo to close at N6.7 per share, while National Aviation Handling Company went down by 12kobo to close at N2.45 per share, among others.

Zenith Bank emerged the most traded equity on Monday with an exchange of 15.432million shares worth N231.431 million.  It was trailed by United Capital having accounted for 14.850million shares valued at N56.409million. Standard Trust Assurance recorded 10.000million shares worth N5million; Fidelity Bank exchanged 9.482 million shares valued at N7.729million while the initiate traded 6.656million shares worth N5.657million.

 

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