NSE market indices appreciate by 0.07 per cent

Weekly trading on the Nigerian Stock Exchange (NSE) opened on a positive note as the All-Share Index appreciated marginally by 0.07 per cent. The index rose by 28.24 points to close at 37,822.99 against the 37,794.75 achieved on Friday. The market capitalisation, which opened at N12.08 trillion, rose by N9 billion to close at N12.08 trillion as a result of marginal gains by some blue chips. Nestle recorded the highest price gain to lead the gainers’ chart by N8.90 to close at N1,010 per share. UBN gained N1.13 to close at N12.46 per share. Dangote Cement rose by 72k to close at N191.72, while Red Star Express appreciated by 45k to close at N4.95 per share. Conversely, Total led the losers’ chart by N6 to close at N158 per share. Nigerian Breweries and Okomu Oil trailed with a loss of N2.90 each to close at N175 and N43.10 per share, respectively. National Salt Company of Nigeria lost N1.03 to close at N10.09, while Oando dipped by 65k to close at N16 per share. Skye Bank was investors’ delight as it sold 19.26 million shares valued at N91.03 million. Unity Kapital accounted for 18.19 million shares worth N9.09 million, while FBN Holdings sold 18.15 million shares valued at N327.39 million. The volume of shares traded dropped by 37.18 per cent as 262.67 million shares worth N2.56 billion were exchanged in 6,020 deals. This was against 418.14 million shares valued at N3.56 billion traded in 5,946 deals on Friday.