NSE market indicators rise by 1.96%

Equity transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday in an upward trend with the market indices growing by 1.96 per cent.

The All-Shares Index rose by 794.8 points or 1.96 per cent, to close higher at 41,366.42, against the 40,571.62 recorded on Jan. 31. Similarly, the market capitalisation, which opened at N13.005 trillion, appreciated by N255 billion or 1.96 per cent to close at N13.260 trillion.

An analysis of the price movement chart indicated that Forte Oil recorded the highest gain to lead the gainers table by N9.20, to close at N99.40 per share. It was followed by Dangote Cement with a gain of N8.81, to close at N243.30 per share. Nestle appreciated by N5 to close at N1,130, while Julius Berger gained N2 to close at N71 per share.

Conversely, TOTAL Plc topped the losers’ chart, losing N9 to close at N171 per share.

Lafarge Wapco trailed with a loss of N7 to close at N107 per share.

Flour Mills depreciated by N1 to close at N87, while Stanbic IBTC lost 50k to close at N20.50 per share. In all, the volume of shares traded increased by 15.77 per cent with an exchange of 396.955 million shares worth N5.45 billion, traded in 5,446 deals.

This was in contrast to the 342.886 million shares valued at N4.35 billion, traded in 5,401 deals on Friday.

NAN reports that Transcorp emerged the most traded stock with 92.16 million shares valued at N390.15 million in 484 deals. It was followed by Zenith Bank with 74.47 million shares worth N1.73 billion in 342 deals, while FBN Holdings accounted for 27.79 million shares valued at N409.47 million in 588 deals. Similarly, Diamond Bank sold 22.64 million shares valued at N152.87 million, traded in 136 deals.