NSE indices record 0.02% marginal growth

Transactions on the Nigerian Stock Exchange (NSE) opened for the week on a flat note, with the All-Share Index recording a marginal growth of 0.02 per cent.

The News Agency of Nigeria (NAN) reports that the NSE All-Share Index on Monday appreciated by 6.5 basis points or 0.02 per cent to close at 38,560.69, against the 38,554.19 achieved on Friday.

NAN reports that Total recorded the highest price gain, leading the gainers’ chart with N4.65 to close at N160 per share.

7UP followed with a gain of N3.80 to close at N85.80, while Julius Berger appreciated by N3.41 to close at N71.91 per share.

Nigerian Breweries rose by N2.01 to close at N151.01, while Lafarge Wapco gained N1.04 to close at N111.04 per share.

Similarly, the market capitalisation which opened at N12.699 trillion, increased by two billion Naira to close at N12.701 trillion.

On the other hand, Seplat topped the losers’ chart, shedding N32.22 to close at N650.11 per share.

Nestle trailed with a loss of N12.70 to close at N1,057.30, while Mobil Oil dipped N4.87 to close at N131 per share.

Cadbury lost N3.52 to close at N67.80, while Glaxosmithkline dropped N1.70 to close at N68.30 per share.

The financial services sector remained the most active, accounting for 184.83 million shares worth N1.75 billion, achieved in 2,687 deals.

Access Bank emerged the most traded equity, trading 23.29 million shares worth N213.22 million, transacted in 240 deals.

GT Bank came second with 23.03 million shares valued N617.13 million traded in 302 deals, while FBN Holdings traded 22.18 million shares worth N291.14 million, exchanged in 504 deals.

UBA Capital recorded 18.147 million shares valued N41.44 million, achieved in 142 deals and Fidelity Bank sold 17.41 million shares worth N33.96 million, traded in 104 deals.

Over all, investors’ staked N4.03 billion on 232.12 million shares traded in 4,767 deals, against the 304.78 million shares worth N4.64 billion achieved in 4,393 deals on Friday. (NAN)