NSE All share Index appreciates by 0.29%

Equities trading on the Nigerian stock exchange began on a bullish note this week with the benchmark index gaining 0.29 percent on Monday.

The all Share index increased by 69.72 basis points to close at 23,941.75 basis points which is higher than Friday’s close of 23,871.83 basis points.

The market capitalisation stood at N12.47 trillion or 0.29 percent from previous close of N12.44 trillion.

Investors in the equities market traded a volume of 331 million units of shares valued at N2.92 billion in 5,544 deals just as 25 stocks gained and 13 declined.

Okomuoil led the Gainer’s table to close at N6.55 kobo per share from an opening price of N55.05k gaining N5.50k per share or 9.99 percent.

MTN Nigeria was next gaining N1.50k after closing at N111.00k from an opening price of N109.50k.

Unilever was the third on the table after it opened at N12.70k and closed at N13.70k gaining N1.00 or 7.87 percent.

On the opposite side, Guinness was the biggest loser ,leading by N0.50k or 2.86 percent to close at N17.00 from an opening price of N17.50k.

Next is May and Baker which commenced trading at N3.12k to close at N3.00 losing N.0.12k or 3.85 percent.

And Ecobank Transnational Incorporated opened Monday’s trading at N5.00 to close at N4.90k falling by 10k or 2.percent.

On sectoral performances, the Industrial goods index gained by 0.94% and banking index gained by 0.51% while the Oil and gas index declines by 0.08%,Consumer goods index declined by 1.4% and the insurance index declined by 1.08%.

Source: Voice of Nigeria