Nigerian Stock Exchange Market Capitalization Gains N56b

Trading activities on the floor of the Nigerian Stock Exchange (NSE) market Monday opened the week on a positive note, driven by sustained bargain hunting activities which lifted the NSE ASI and market capitalisation by 0.58 per cent.
Specifically, the All-Share Index gained 161.64 basis points or 0.58 per cent to close at 27.812.06 index points as against 27,650.32 recorded the previous day while the market capitalisation of equities appreciated by N56 billion or 0.58 per cent to close at N9.552 trillion from N9.496 trillion.
Meanwhile, a turnover of 216.2 million shares exchanged in 3,316 deals was recorded in the day’s trading.
Banking services subsector of the financial services sector was the most active during the day (measured by turnover volume); with 102.05 million shares exchanged by investors in 1,316 deals.
Volume in the sub-sector was largely driven by activities in the shares of GTB Plc and Access Bank Plc.
Premium sub sector boosted by activities in the shares of FBNH Plc and Zenith Bank Plc followed with a turnover of 69.1 million shares exchanged in 530 deals.
The number of gainers at the close of trading session was 20 while decliners closed at 11.
Transcorp Plc led the gainers’ table with a gain of five per cent to close at N7.62 per share while UBA Plc followed with a gain of 5.50 per cent to close at N4.60 per share. Eterna Oil Plc added 4.81 per cent to close at N2.83 per share.
On the other hand, Seven Up Plc led the price losers’ table, dropping 4.61 per cent to close at N109.17 per share. Livestock Feeds Plc followed with 4.30 per cent to close at 89 kobo per share while Dangote Flour Mills Plc trailed with a loss of 3.61 per cent to close at N4.00 per share.

Author: News Editor

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