NSE market indicators increase further by 1.09%

Weekly equity transactions on the Nigerian Stock Exchange (NSE) opened on Monday on the upbeat note with the market indicators growing by 1.09 per cent.

The News Agency of Nigeria (NAN) reports that the All-Shares Index rose by 416.23 points or 1.09 per cent to close higher at 38,748.01 against the 38,331.78 achieved on Friday.

The market capitalisation, which opened at N12.312 trillion, appreciated by N134 billion or 1.09 per cent to close at N21.446 trillion.

An analysis of the price movement indicated that Guinness recorded the highest price gain to lead the gainers table by N5.75 to close at N200 per share.

It was followed by Forte Oil with a gain of N4.50 to close at N96.50 per share.

Flour Mill and Mobil Oil appreciated by N3 each to close at N68 and N125, respectively, while Nigerian Breweries rose by N2.98 to close at N152.98 per share.

Conversely, UACN topped the losers’ chart, losing N1.90 to close at N54.51per share.

Champion trailed with a loss of 72k to close at N13.79, while Ashaka Cement depreciated by 57k to close at N16.06 per share.

Oando Oil lost 19k to close at N16.30, while Dangote Cement dipped 15k to close at N8.75 per share.

The volume of shares traded, however, decreased by 11.53 per cent as 396.460 million shares worth N3.792 billion were traded in 4,154 deals.

This was in contrast to the 448.107 million shares valued at N4.05 billion traded in 3,640 deals on Friday.

NAN reports that Sterling Bank emerged the most traded stock with 150.89 million shares valued at N372.57 million in 170 deals.

It was followed by ETI with 45.69 million shares valued at N603.38 million in 75 deals, while UBA traded 29.74 million shares worth N210.32 million in 206 deals.

FBN Holdings sold 21.55 million shares valued at N271.60 million in 350 deals, while GTBank accounted for 19.58 million shares worth N498.49 million in 432 deals. (NAN)