Exchange Indicators Up Despite Drop In Turnover

Despite the drop in the
turnover of equity performance at the floor of the Nigerian Stock Exchange (NSE) last Monday, market indices grew marginally by 0.01 per cent.
According to NSE statistics, All-Shares Index (ASI) appreciated by 5.54 points or 0.01 per cent to close at 39,564.43 compared to 39,558.89 on Friday.
Market capitalization gained N2 billion or 0.01 per cent to close Monday transactions at N12.70 trillion recorded on Friday.
The losers’ table was led by Guiness Plc after losing N69.80 per share to close at N188.10 per share. Mobil followed with a loss of N4.71 to close at N120.14 per share.
However, Nigerian Breweries gained N6.96 to close at N158.99 per share leading the gainers table. Followed by Unilever with a gain of 95k per share to close at N48 per share.
A total volume of traded equities depreciated by 49.67 per cent, as 239.864 million was traded by investors on Monday in 4,352 deals.
This was in contrast to the 479.439 million share, worth N2.75 billion  which exchanged hands in 1,206 deals on Friday.
Transcorp emerged the most patronized stock with 62.34 million shares valued at N229.67 million.