Nigerian Stock Exchange (NSE)

The Nigerian Stock Exchange (NSE) All share Index on Monday spurred by positive increases in all sectoral indices continued from Friday’s positive trajectory to close at 30,052.20 points after gaining 1.83 per cent or 541.12 points.

Similarly, the NSE Premium and Banking Index led the various sectors 3 per cent higher to close at 1,633.92 points and 319.55 points respectively. The positive trend was followed by the NSE 30 index, Insurance index and Pension index which gained 2 per cent each to close at 1,350.68 points, 135.39 points and 942.25 points accordingly.

The Main-Board Index, Lotus Islamic Index and Industrial Index appreciated 1 per cent each to close at 1,417.37 points, 2,010.94 points and 2,1343.17 points, while the NSE Consumer Goods Index, Oil and Gas Index and Alternative Securities Market Index increased slightly by 0.3 per cent, 0.2 per cent and 0.02 per cent to close at 733.93 points, 337.47 points and 1,2018.14 points respectively.

United Bank for Africa Plc, likewise continued from Friday’s leading trend as it led 34 equity gainers with a 10.24 per cent or 39 kobo appreciation to close at N4.20. UBA Capital Plc followed with 9.09 per cent or 12 kobo increase to close at N1.44 while FBN Holdings Plc gained 5.99 per cent or 39 kobo to close at N6.90 per share.

Flour Mill Plc added 5 per cent or N1.10 to close at N23.10 while Axamansard Insurance Plc appreciated 4.98 per cent or 12 kobo to close at N2.53 per share.

On the other hand, Caverton Offshore Support Group Plc topped 15 equity losers with a 9.50 per cent or 34 kobo loss to close at N3.24 per share followed by Eterna Plc and Honey Well Flour Plc which depreciated 5 per cent each or 9 kobo and 13 kobo to close at N1.71 and N2.47 per share respectively. While UAC-PROP Plc dropped 4.98 per cent or 41 kobo to close at N7.83  and Livestock Feeds Plc also declined 4.71 per cent or 8 kobo to close at N1.62 per share.

Investors on the floor of the Exchanged today traded 214.95 million shares valued at N1.76 billion in 3,893 deals, increasing Market Capitalization by N186.1 billion to close at N10.3 trillion compared with N40.34 billion gained on Friday to close at N10.15 trillion.

By Pita Ochai


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