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Weekly trading on the Nigerian Stock Exchange (NSE) opened on a positive note on Monday with market indices appreciating by 0.14 per cent. The All-Share Index grew by 28.08 points to close at 20,439.25 against the 20,411.17 recorded on Friday. Also, the market capitalisation, which opened at N6.432 trillion, rose by N9 billion to close at N6.441 trillion due to price gains posted by some blue chip equities.
The Nigerian Breweries led the gainers’ chart, appreciating by N1.30 to close at N99 per share. Oando gained 90k to close at N19.25 per share, while Berger Paints appreciated by 33k to close at N8.69 per share. Dangote Flour and Access Bank rose by 20k each to close at N4.24 and N6.95 per share, respectively.
Conversely, PZ Cussons topped the losers’ chart with a loss of 78k to close at N26.15 per share. Forte Oil lost 55k to close at N10.46 per share, while Unilever shed 35k to close N27.60 per share. Ashaka Cement and Dangote Cement dipped by 20k each to close at N10.50 and N110 per share, respectively. Total of 358.6 million shares valued at N2.7 billion were traded by investors in 3,446 deals.
This was against 411.9 million shares worth N2.4 billion exchanged in 3,008 deals on Friday, a decrease of 12.9 per cent. The banking sub-sector remained the most active with 273.8 million shares worth N1.7 billion traded in 1,785 deals. UBA traded 109.8 million shares valued at N217.3 million in 104 deals, while Zenith Bank accounted for 82.5 million shares worth N1.01 billion in 262 deals.
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