Exchange Share Index Up By 0.51%

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Exchange transactions on week opening (Monday) erased that depreciation that closed last week’s trading, as All-Share Index closed higher at 24.046.65 points, adding 0.51 Percent or 120.93 points to 23,925.72 points traded by investors last Friday.

Nigerian Stock Exchange (NSE) Market Capitalisation gained N38.67 billion to close higher at N7.69 trillion, compared to N7.65 trillion traded on Friday.

Investors traded a total of 236,579,296 shares, worth N1.77 billion, in 4,913 deals, compared to 244,380,008 shares, valued at N1.74 billion that exchanged hands in 4,236 deals.

The volume of traded equities went down by 7,780,712 shares or 3.2 per cent, to close lower at 236,599,296 shares, from 244,380,008 shares, traded last Friday.

On the other hand, share value gained N169.48 million or 9.6 percent to close higher at N1.77 billion, from N1.74 billion traded last Friday.

One hundred and fifteen companies traded on the floor of the Exchange, 36 companies made gains in their transaction, six companies lost while the prices of 73 companies remained unchanged.

From the statistics, more companies made gained in their transactions for the first time in five months.

However, the gainers’ chart was led by Sterling Bank which made 7 kobo per share, followed by Continswe and Cap Hotel that gained 5 kobo and 31 kobo, respectively.

Academy, Evansmed and Platinum all lost 17 kobo, 4 kobo and 1 kobo per share to lead the losers chart.