Home Business NSE market indicators appreciate by 1.83 %

NSE market indicators appreciate by 1.83 %

by Business News Report

Equities transactions on the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a positive note as market indicators improved marginally by 1.83 per cent. This was due to the price gains made by some capitalised companies. As a result of the bullish trading, the market capitalisation closed at N10.334 trillion as against N10.148 trillion posted on Friday.
Also, the All-Share Index increased by 541.12 points or 1.83 per cent to close at 30,052.20 against the 29,511.08 achieved on Friday. The analysis of the price movement chart showed that Dangote Cement topped the gainers’ table by N4.69 to close at N168.69 per share. Flour Mill came second with N1.10 to close at N23.10, while Guinness appreciated by N1 to close at N129 per share.
Stanbic IBTC advanced by 90k to close at N24.10 while OkomuOil gained 85k to close at N24.60 per share. On the other hand, UAC-Property led the losers’ chart by 41k to close at N7.83 per share. Caverton trailed with a loss of 34k to close at N3.24, while NAHCO dropped 14k to close at N4.31 per share. Honey Flour dropped 13k to close at N2.47, while Eterna Oil lost 9k to close at N1.71 per share.
A total of 214.954 million shares worth N1.76 billion were transacted by investors in 3,893 deals against 277.81 million shares worth N2.69 billion traded in 3,827 deals on Friday. The Financial Service Sector sustained its leading position as the toast of investors with 160.78 million shares worth N814.35 million in 1,827 deals. The banking sub-sector drove activities in the sector accounting for 129.73 million shares valued N734.43 billion achieved in 1,691 deals.

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