NSE market indicators rise despite drop in turnover

Weekly equity transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday with the market indices growing marginally by 0.01 per cent. The All-Shares Index rose by 5.54 points or 0.01 per cent to close at 39,564.43 against 39,558.89 recorded Friday Feb. 28. Similarly, the market capitalisation, which opened at N12.706 trillion, appreciated by N2 billion or 0.01 per cent to close at N21.708 trillion.

An analysis of the price movement chart indicated that Nigerian Breweries led the gainers’ table by N6.99 to close at N158.99 per share. It was followed by Unilever with a gain of 95k to close at N48 per share. Unoin Diccon appreciated by 95k to close at N13.07, while CCNN gained 46k to close at N9.70 per share. Conversely, Guinness topped the losers’ chart, losing N69.80 to close at N188.10 per share. Mobil trailed with a loss of N4.71 to close at N120.14 per share.
PZ depreciated by N2 to close at N36, while Dangote Cement lost N1 to close at N239 per share.
However, the volume of shares traded dropped by 49.67 per cent with 239.864 million shares worth N2.44 billion traded in 4,352 deals.This was in contrast to the 479.439 million shares valued at N12.75 billion traded in 1,206 deals on Friday.
Transcorp emerged the most traded stock with 62.34 million shares valued at N229.67 million. It was followed by Zenith Bank with 33.01million shares valued at N682.05, while Access Bank traded 15.92 million shares worth N124.12 million. FBN Holdings sold 14.89 million shares valued at N196.94 million, while Afriprud accounted for 7.05 million shares worth N28.21 million.