Market Begins On Positive Note … As Cap Tops With N21bn

At the commencement of the week’s transactions on the floor of Nigerian Stock Exchange (NSE), Monday market indicators divided to close the day on a positive note.

While all-share market index volume and capitalisation appreciated in their performance, the value of traded equities went the opposite direction.

Specifically, market closed at 25,065.46 points, adding 86.76 points or 347.2 percent to 24,978.70 points which closed last week’s trading activities.

Also, market capitalisation went up by N21.3 billion or 349.2 per cent from N6.12 trillion traded on Friday, to close higher at N6.14 trillion.

The volume of traded equities went up by 57,644,414 shares or 16.1 per cent from 299,981,469 shares traded Friday to close also higher at N357,625,883 shares.

However, the value of listed equities went down by N980.8 million or 51.6 percent from N2.9 billion, traded on Friday to close lower at N1.9 billion.

34 companies made gains in their transactions led by Flourmill with N1.35 gains per share, opening and closing at N68.71 and N70.06 respectively.

Cadbury, Dangflour and ETI all gained N1, N.78 and N.73 per share respectively to square up behind Flourmill.

On the other hand, 19 companies lost in their trading, led by Total Plc which lost N11.01 per share.

The banking sub-sector boosted market performance with 139,792,301 shares, valued at N1.3 billion which exchanged hands in 3.548 deals.

Food/Beverages and Tobacco followed with 6,524,479 shares worth N133.2 million in 517 deals.