Nigeria Stock Exchange market indices record marginal growth

Trading on the Nigerian Stock Exchange (NSE) opened on Monday for the week on a positive note with the All-Share Index appreciating marginally by 0.13 per cent. The index improved by 41.25 points to close at 32,890.36 against the 32,849.11 achieved on Friday.

Similarly, the market capitalisation, which opened at N10.51 trillion, grew by N12 billion to close at N10.52 trillion. Total recorded the highest price gain of N6.69 to close at N154.80 per share. Nestle trailed with a gain of N5 to close at N841 while NewGold gained N3 to close at N2,428 per unit. On the other hand, GlaxoSmithkline led the losers’ chart, losing N1.01 to close at N48.99 per share.

It was followed by Nigerian Breweries with a loss of 50k to close at N162 per share. Portland Paint lost 26k to close at N5.09, while Studio Press dropped 13k to close at N2.52 per share. The volume of shares traded increased by 62.34 per cent as a total of 700.21 million shares worth N2.68 billion exchanged by investors in 5,725 deals. This was against the 431.59 million shares valued N5.33 billion traded in 5,587 deals on Friday.

Unity Bank drove the volume, accounting for 418.48 million shares worth N323.47 million. FTN Cocoa came second with 41.31 million shares valued N23.02 million, while Studio Press accounted for 22.60 million shares worth N56.96 million.