Nigerian Bourse Starts Week In Green, Up 0.71%

Trading on the floor of The Nigerian Stock Exchange (NSE) on Monday took off from where it closed last trading day when it closed in positive trajectory as the market twin indicators, the All Share Index and Market Capitalisation appreciated by 0.71 per cent each.

Market Capitalisation appreciated by N93.308 billion to close at N10.572 trillion as against N10.479 trillion recorded at the close of trading on Wednesday, while the All Share Index surged to 30,762.29 points after it gained 219.12 basis points or 0.71 per cent compared with 30, 543.17 points recorded the previous trading day.

Investors bought and sold a total of 266.652 million shares valued at N3.179 billion in 3,366 transactions as against 195.590 million shares valued at N3.130 billion in 3,262 transactions recorded on Wednesday with the financial services sector accounting for a total of 195.553 million shares valued at N1.729 billion in 1,179 deals compared with 111.090 million shares valued at N1.138 billion in 1,186 deals recorded last trading day.

However, the banking sub-sector recorded a total of 149.084 million shares valued at N1.650 billion in 935 deals as against 95.295 million shares valued at N1.097 billion in 936 deals recorded last week as the premium board recorded a total of 42.251 million shares valued at N634.127 million in 623 deals compared with 42.876 million shares valued at N586.717 million in 619 deals recorded on Wednesday.

Food products-diversified major player, Nestle Nigeria led 24 others on the advancers’ table when it gained N39.70 to close at N859.70 per share, followed by Forte Oil which grabbed N10.0 to close at N250.00 per share, breweries’ major, Nigerian Breweries added 597 kobo to close at N146.04 per share, UAC of Nigeria appreciated by 150 kobo to close at N31.50 per share, while PZ Cussons nicked 100 kobo to close at N27.20 per share, among others.

Seplat Petroleum Development Company, which led the gainers’ table at the previous trading day, sat atop the decliners’ table on Monday when it went down by 510 kobo to close at N249.90 per share, followed by Julius Berger Nigeria which depreciated by 220 kobo to close at N41.88 per share, Unilever Nigeria dropped 87 kobo to close at N45,13 per share, Zenith Bank lost 59 kobo to close trading at N17.52 per share, while building materials’ major, Dangote Cement suffered a setback of 50 kobo to close at N169.00 per share, among others.

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