NSE market capitalisation increases by N47bn

Transactions at the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a positive note with the market capitalisation appreciating by N47 billion. The market capitalisation which opened at N8.198 trillion rose by N47 billion or 0.57 per cent to close at N8.241 trillion.
Similarly, the All-Share Index increased by 137.14 points or 0.58 per cent to close at 23,963.64 compared with 23,826.50 posted on Friday. Nestle recorded the highest price gain, leading the gainers’ table, growing by N17.86 to close at N725.01 per share. Guinness came second with gain of N10.43 to close at N112.28, while Seplat garnered N7.83 to close at N164.54 per share.
7UP increased by N3.30 to close at N190 and Flour Mills appreciated by N1.02 to close at N17.95 per share. On the other hand, Nigerian Breweries topped the losers’ chart, dropping by N5.20 to close at N102.80 per share. Lafarge Africa trailed with a N1 loss to close at N81, while Berger Paint dipped 96k to close at N9.01 per share. Northern Nigeria Flour Mills declined by 40k to close at N7.73, while FBN Holdings went down by 23k to close at N4.27 per share.
A breakdown of the activity chart showed that Zenith Bank emerged the most traded equity, exchanging 42.89 million shares worth N521.76 million in 341 deals. UBA followed with a total of 28.18 million shares valued at N85.70 million traded in 266 deals, while Transcorp sold 23.14 million shares worth N30.52 million exchanged in 217 deals.
GT Bank traded 22.83 million shares valued at N366.77 million transacted in 472 deals and FBN Holdings exchanged 18.62 million shares worth N79.99 million in 364 deals. In all, investors staked N2.10 billion on 215.18 million shares achieved in 3,853 deals. NAN reports that this is against 1.01 billion shares valued N1.89 billion traded in 4,229 deals on Friday.