Capital market indices appreciate by 1.19% on NSE

Equity transactions on the Nigerian Stock Exchange (NSE) opened for the week yesterday in an upward trend as the market indices improved by 0.19 per cent.

The News Agency of Nigeria (NAN) reports that the appreciation was due to price gains by major equities. As result of the bullish trading, the market capitalisation closed higher at N13.739 trillion, when compared with N13.712 trillion posted on Friday. Equally, the All-Share Index increased by 80.39 basis points or 1.19 per cent, to close higher at 41,609.50, against the 41,529.11 achieved on Friday. Julius Berger led the gainers’ table by N3.37 to close at N70.87 per share. Conoil came second with N2.50 to close at N54.50, while Cadbury Nigeria appreciated by N2.44, to close at N81.89 per share.

GTB advanced by N1.50 to close at N31.50 and Guinness gained 50k to close at N179 per share.

On the other hand, Seplat topped the losers’ chart by N25, to close at N650 per share. Lafarge Wapco trailed with a loss of N4.50, to close at N113.50, while Nestle dropped N2.99 to close at N1,080.01 per share.

Nigerian Breweries dropped N1.60 to close at N176.80, while Ashaka Cement lost N1.23 to close at N26.13 per share.

NAN reports that the volume of shares traded rose by 57.40 per cent as investors staked N3.61 billion on 299.330 million shares transacted in 5,153 deals.

This is against the 190.165 million shares worth N2.66 billion traded in 4,741 deals on Friday.

Transcorp emerged the most-traded stock, accounting for 54.04 million shares worth N246.21 million.

UBA followed with a total of 50.49 million shares valued N391.34 million, while SkyeBank exchanged 32.29 million shares worth N109.26 million.

GTBank transacted 23.33 million shares valued N707.09 million, while FBN Holdings sold 13.46 million shares worth N209.69 million. (NAN)