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Nigerian Stock Exchange Market Indices Appreciate By 2.2%

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Photo Credit: PremiumTimesng

Photo Credit: PremiumTimesng

The weekly equity transactions on the Nigerian Stock Exchange (NSE) opened on Monday on the upbeat note as the All-Share Index grew by 2.22 per cent.

The News Agency of Nigeria (NAN) reports that the index rose by 863.75 basis points to close higher at 39,695.34 against the 38,831.59 achieved on Friday.

The market capitalisation, which opened at N12.427 trillion, rose by N276 billion or 2.22 per cent to close at N12.703 trillion.

An analysis of the price movement chart indicated that Dangote Cement recorded the highest gain to lead the gainers table by N20 to close at N220 per share.

Nestle followed with a gain of N6 to close at N1, 126, while Ashakacem appreciated by 51k to close at N20.51 per share.

GTBank gained 40k to close at N27, while Nigerian breweries increased by 20k to close at N161.20 per share.

Conversely, Guinness topped the losers’ chart, losing N8 to close at N247 per share.

Wapco trailed with a loss of N4.20 to close at N107, while Cadbury lost N3 to close at N63 per share.

Unilever depreciated by N2.87 to close at N54.61, while PZ shed by 97k to close at N35.63 per share.

The volume of shares traded, however, decreased by 63.55 per cent with an exchange of 265.123 million shares worth N2.86 billion traded in 3,974 deals.

This was in contrast to the 727.416 million shares valued at N4.91 billion traded in 4,469 deals on Friday.

Transcorp emerged the toast of investors, accounting for 57.95 million shares valued at N234.34 million.

It was followed by Unity Bank with 36.65 million shares valued at N19.165 million.

GTBank traded 26.42 million shares worth N713.56 million, while Zenith Bank sold 17.11 million shares worth N372.06 million.

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