Activities on the Nigerian Stock Exchange (NSE) resumed on Monday after the gubernatorial and state house of assembly elections, on a positive trend.
Market capitalisation rose by N88 billion or 0.74 per cent, to close at N11.990 trillion, against the N11.902 trillion recorded on Friday, due to price gains.
Similarly, the All-Share Index which opened at 34,930.02 rose by 259.10 points or 0.74 per cent to close at 35,189.12, following price appreciation by some blue chip equities.
Guinness led the gainers’ chart with a gain of N7 to close at N147 per share.
It was trailed by Nigerian Breweries with a gain of N6.23 to close at N169.99, while Mobil Oil appreciated by N4.93 to close at N162.93 per share. Lafarge Wapco increased by N3.01 to close at N93.02, while 7UP Bottling Company inched N2 to close at N162 per share.
Conversely, Nestle topped the losers’ table, dropping by N52.20 to close at N991.85 per share. Flour Mills came second with a loss of 98k to close at N33.02, while CCNN dropped 60k to close at N11.14 per share. Berger Paints declined by 47k to close at N9.02, while Evans Medical lost 10k to close at N1.99 per share.
In all, investors staked N4.65 billion on 344.68 million shares transacted in 4,956 deals.
This is in contrast with the 1.62 billion shares worth N8.05 billion traded in 6,783 deals on Friday. FBN Holdings drove activity with a total of 42.09 million shares valued N400.12 million traded in 638 deals.
It was followed by Stanbic IBTC, having accounted for 41.81 million shares worth N1.25 billion achieved in 33 deals, while Transcorp sold 30.93 million shares valued N99.87 million in 295 deals. Access Bank accounted for 29.10 million shares worth N192.05 million, traded in 141 deals and Fidelity Bank exchanged 25.505 million shares valued N53.86 million in 192 deals.
