NSE Opens Week In Blue …As Capitalisation Gains N299.3bn


Transactions on the floor
of the Nigerian Stock Exchange (NSE) braced up at the week opening to cushion the decline experienced by investors in the capital market last week.
Market capitalisation gained N299.3 billion to close positively at N10.21 trillion on Monday compared to the N9.91 trillion recorded at the Exchange on Friday.
Also, All-Share Index (ASI) gained 70.22 points to close at 29,684.84 points, as against 28,814.62 points as seen in the NSE statistics after Monday’s trading.
Investors moved a total of 510.36 million shares worth N3.46 billion that exchange hand on Monday in 4,766 deals.
According to NSE records 48 companies made gains in their trading, nine companies lost while the share prices of 50 companies remained unchanged.
Guinness topped the gainers’ chart after making gain of N11.98 per share, closing at N138.99 per share.
Nestle Plc, Nigerians Breweries Plc, WAPCO and Dangote Cement Plc all gained N11.78, N5.78, N2.98 and N2.58 per share, respectively, closing at N840, N121.49, N99.98 and N172.47 per share, respectively.
On the other hand, Julius Berger Plc lost 1 kobo to be in the fore front of the losers’ table, closing at N42.
Coverton, CWG, Etranzact and RTBRISCOE all followed with 17 kobo, 14 kobo, 13 kobo and 2 kobo loss, respectively, closing at N3.25, N2.81, N2.58 and 51 kobo per share, respectively/
Meanwhile, the equity market last week made a turnover of 2.051 billion shares worth N17.87 billion in 21,762 deals, as against 4.304 billion shares, valued at N20.05 billion traded the previous week in 20,219 deals.
The Financial Services Industry led the volume chart after trading 1.73 billion shares, worth N12.004 billion, which exchanged hands in 12,86 deals, thereby contributing 84.48 per cent and 67.18 per cent to the total equity turnover volume and value, respectively.
Also traded during the week were a total of 10,627 units of Exchange Traded Products (ETP) valued at N678,291.94 executed in 22 deals compared to a total of 2,556 units valued at N981,146.02 transacted last week in 17 deals.
The NSE’s All-Share Index and Market Capitalisation depreciated by 3.56 percent and 3.24 per cent, respectively to close on Friday at 28.814.62 points and N9.909 trillion, respectively.