NSE Transactions Appreciate Amid Election Fears

The Nigerian Stock
Exchange (NSE) market capitalisation which has remained on a decline on Monday opened the week’s transactions on a positive note gaining N178billion to close at N10.494 trillion as against N10.319 trillion traded by investors on Friday.
All Shares Index (ASI) rose by 527.8 points to close at 31,090.81 points compared to 30,562.93. points traded by investors on Friday.
The awaited presidential election results instead of causing market depreciation saw traded equities climbing to close on a bullish note.
Investors traded a total of 196,258 million shares worth N1.84 billion which exchanged hands in 3,638 deals, as against 528,669 million shares, valued at N4.45 billion which exchanged hands in 4,446 deals on Friday.
Only 41 shares appreciated while all others declined in the transactions.
Fidson Healthcare Plc led the gainers chart with 30 kobo gain per share, closing at N3.59 per share NAHCO followed with 40 kobo gain per share, closing at N5.44 per share, Eternal Oil also gained 22 kobo per share.
Vono lost 8 kobo per share closing at 85 kobo to lead the losers chart, follow by Forte Oil which lost N11.27 to close at 213.62 per share.

Lilian Peters/Prisca Anosike