NSE: Market indices up by 0.34 pct

Activities on the Nigerian Stock Exchange (NSE) on Monday reversed the six-consecutive days downward movement with important market indices appreciating by 0.34 per cent.

The News Agency of Nigeria (NAN) reports that the All-Share Index rebounded by 129.59 points or 0.34 per cent to close at 37,992.12, against the 37,862.53 recorded on Friday.

Similarly, the market capitalisation increased by ₦47 billion or 0.34 per cent to close at ₦13.762 trillion, compared with ₦13.715 trillion achieved on Friday.

The market momentum was lifted by Dangote Cement which led the gainers’ table with ₦5, to close at ₦230 per share.

Cement Company of Northern Nigeria followed with a gain of ₦1.20 to close at ₦25.95, while Guaranty Trust Bank added 35k to close at ₦41.05 per share.

Stanbic IBTC improved by 25k to close at N49, while Unilever also appreciated by 25k to close at ₦51 per share.

Conversely, Seplat topped the losers’ chart for the day, dropping by ₦34.20 to close at ₦650.80 per share.

Nestle trailed with a loss of ₦5 to close at ₦1, 490 while CAP dipped ₦1.80 to close at N35 per share.

Lafarge Africa was down by 90k to close at ₦38.10, while Guinness depreciated by 50k to close at ₦97 per share.

Also, the market volume and value appreciated by 83.83 per cent and 139.16 per cent, respectively.

Specifically, investors bought and sold 307.41 million shares valued at ₦3.42 billion, transacted in 3,822 deals.

This was in contrast with a turnover of 167.23 million shares worth N1.43 billion traded in 3,847 deals on Friday.

United Bank for Africa dominated trading activities, accounting for 43.71 million shares valued at ₦459.24 million.

Honey Well Flour came second with an account of 16.89 million shares valued at ₦34.23 million, while Zenith International Bank traded 16.19 million shares worth ₦418.66 million.

FBN Holdings sold 12.56 million shares valued at ₦133.72 million, while Sterling Bank exchanged 11.29 million shares worth ₦15.39 million.

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