The Equities market segment of the Nigerian Stock Market (NSE) started the week on a positive note recording gains on three consecutive sessions as lead indicators further appreciated by 0.73 per cent compared to an appreciation of 0.26 per cent gain recorded last Friday.
The NSE All Share Index and Market Capitalization appreciated by exactly 202.84 points and N69.74 billion from their previous figures to close at 27,833.89 points and N9.57 trillion compared to 71.87 points and N24.7 billion gained last Friday to close at 27,631.05 points and N9.500 trillion respectively.
Similarly, five of the sectoral indices led by the NSE Premium Index which rose by 4.1 per cent closed positive against five others that closed south, while the NSE ASeM Index remained flat.
Today’s market closed with 16 gainers against 30 losers. Lawunion Plc topped the gainers chart with a 7.27 per cent or 4 kobo gain to close at 59 kobo per share followed by Dangote Cement Plc which added 6.27 per cent or N10.10 to close at N171.15 per share, while Learn Africa Plc gained 4.55 per cent or 3 kobo to close at 69 kobo per share.
Wema Bank Plc appreciated by 4.44 per cent or 4 kobo to close at 94 kobo per share while Port Paint Plc increased by 4.22 per cent or 16 kobo to close at N3.95 per share.
On the other hand, Tiger Brands Plc topped today’s 30 losers with a decline of 9.45 per cent or 12 kobo to close at N1.15 per share trailed by Honeywell Flour Plc which depreciated by 9.39 per cent or 17 kobo to close at N1.64 per share while UACN Plc dropped 5.00 per cent or N1.28 to close at N24.33 per share.
Skye Bank Plc lost 4.97 per cent or 8 kobo to close at N1.53 per share and May & Baker Plc fell 4.81 per cent or 5 kobo to close at 99 kobo per share.
In all, investors exchanged 127.82 million shares worth N2.45 billion in 2,434 deals compared to 112.2 million shares valued at N1.7 billion exchanged in 2,317 deals previously.
By Pita Ochai