NSE market indices opens with 0.06 pct marginal growth
The Nigerian Stock Exchange (NSE) crucial market indicators opened for the week on Monday with a marginal growth of 0.06 per cent in a cautious trading.
The market capitalisation rose by eight billion naira or 0.06 per cent to close at ₦13.637 trillion against ₦13.629 trillion achieved on Friday.
Similarly, the All-Share Index, which opened at 37,625.59, grew by 22.34 points or 0.06 per cent to close at 37,647.93 following marginal gains by some blue chips.
Dangote Cement Industries led the gainers’ table during the day, appreciating by ₦2 to close at ₦227 per share.
Flour Mills followed with a gain of 80k to close at ₦31.50, while Forte Oil gained 80k to close at ₦27.15 per share.
Cement Company of Northern Nigeria increased by 65k to close at ₦22.90, while Julius Berger added 50k to close at ₦30 per share.
On the other hand, NASCON topped the losers’ chart, shedding ₦1.15 to close at ₦20.65 per share.
Lafarge Africa trailed with a loss of ₦1 to close at ₦38, while Stanbic IBTC was also down by ₦1 to close at ₦51 per share.
Dangote Sugar Refinery depreciated by 70k to close at ₦17.80, while Conoil shed 50k to close at ₦27 per share.
An analysis of the activity chart indicates that Access Bank was the toast of investors, accounting for 21.67 million shares worth ₦225.60 million.
Zenith International Bank followed with an account of 13.92 million shares valued at ₦342.22 million, while FBN Holdings traded 17.71 million shares worth ₦133.07 million.
Transcorp sold 11.57 million shares valued at ₦14.76 million, while United Bank for Africa exchanged 11.09 million shares worth ₦114.79 million.
In all, the volume of shares traded closed lower as investors bought and sold 155.17 million shares valued at ₦1.99 billion achieved in 3,422 deals, a decrease of 51.45 per cent.
This was in contrast with 319.63 million shares worth ₦3.07 billion traded in 4,054 deals on Friday.
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