Stocks trading on the floor of the Nigerian Stock Exchange (NSE) opens on a bullish note as all share index rose to 0.03%.
At the end of business Monday, market capitalisation appreciated by N3.78 billion or 0.03 percent to close at N13.16 trillion higher than the N13.15 trillion recorded on Friday.
Similarly, the All Share Index increased by 7.25 basis points or 0.03 percent to close at 25,229.12 index points as against 25,221.87 recorded on Friday.
Investors saw a in a total of 251.18 million shares valued at N2.36 billion exchanged hands in 3,737 deals.
The upturn was impacted by gains recorded in large and medium value stocks, including Transcorp, Zenith Bank Plc, Guaranty Trust Bank Plc, FBN Holdings and Presco.
Market sentiment, as measured by the market breadth, was positive as 15 stocks gained with the same number of losers. UPL recorded the highest price gain of 9.68 percent to close at N1.36 kobo from an opening of N1.24 per share.
Unilever Plc followed by 7.53 percent to close at N15.00 from an opening of N13.95 kobo per share while Guinness Nigeria had 1.32 percent to close at N15.40 kobo from an opening of N15.20 kobo per share.
On the other hand, Presco led the losers’ chart with 3.92 percent to close at N49.00 from an opening of N51.00 per share.
Wapco followed with 1.71 percent to close at N11.50 kobo from an opening of N11.70 kobo per share while UCA Plc had 3.43 percent to close at N3.10 kobo from an opening of N3.21 kobo per share.
Trading activities on the floor of the of the Nigerian Stock Exchange, NSE, ended on a bullish note on Friday as investors made N58 billion.
The equities market maintained positive streak throughout the week with blue chip stocks witnessing price rallies.
The sustained rally, according to market monitors, was driven by bargain hunting activities on the back of undervalued stocks, following renewed appetite in anticipation of share appreciation.
Consequently, at the close of transactions on Friday, market capitalisation apprecited by N58.192 billion or 0.45 pecent to close higher at N13.06 trillion from N13.00 trillion of the previous day.
Similarly, the All Share Index increased by 111.55 basis points or 0.45 percent to close at 25,041.89 index points as against 24,930.34 recorded on Thursday.
A total of 167.13 million shares valued at N2.00 billion exchanged hands in 4,036 deals.
The uptrend was in line with analysts expectation of earnings releases in market performance.
Market sentiment remained positive as 23 stocks gained relative to 5 losers. ValueFund led the gainers’ chart by 9.98 percent to close at N113.50 kobo from an opening of N103.20 kobo per share.
Learnafrca followed by 9.57 percent to close at N1.03 from an opening of N0.94 kobo per share.
GT Bank Plc had 2.53 percent to close at N24.35 kobo from an opening of N23.75 kobo per share while Okomuoil had 2.74 percent to close at N77.00 from an opening of N74.95 kobo per share.
On the losers’ list, UAC Nigeria Plc came tops by 9.49 percent to close at N6.20 kobo from an opening of N6.85 kobo per share.
Others include CHIPLC with 8.89 percent to close at N0.41 kobo from an opening of N0.45 kobo per share and AIICO Insurance had 3.23 percent to close at N0.90 kobo from an opening of N0.93 kobo per share.
Meanwhile, transactions in the shares of GT Bank Plc topped the activity chart with traded 27.174 million shares valued at N312.617 million.
FBN Holdings, FBNH, followed with 22.964 million shares worth N116.867 million.
Sterling Bank Plc traded 12.640 million shares at N15.093 million, Zenith Bank Plc transacted 11.337 million shares worth N191.771 million.
The bulls maintained dominance on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks appreciated in price, resulting in a further rise in market capitalisation by N18 billion.
Yesterday, the All-Share Index (ASI) increased by 33.28 absolute or 0.13 per cent to close at 25,204.60 points.
Similarly, the overall market capitalisation gained N18 billion, 0.14 per cent rise to close at N13.149 trillion, including Chemical and Allied Products (CAP), Stanbic IBTC Holdings, International Breweries, GlaxoSmithKline Consumer Nigeria, and Fidson Healthcare.
Market sentiment, as measured by the market breadth, was positive, as 17 stocks gained relative to 11 losers. International Breweries .
Cutix followed with 9.71 per cent to close at N1.92, and Neimeth International Pharmaceuticals rose 9.55 per cent to close at N1.95, per share.
Livestock Feeds advanced 9.09 per cent to close at 60 kobo, while Fidson Healthcare gained 6.74 per cent to close at N3.96, per share.
On the other hand, Studio Press Nigeria led the losers’ chart by 9.60 per cent to close at N1.79, per share. UACN Property Development Company followed with 9.47 per cent to close at 86 kobo, and Associated Bus Company lost 8.51 per cent to close at 43 kobo, per share.
Royal Exchange fell 7.14 per cent to close
at 26 kobo, and Japaul Oil and Maritime Services
shed 4.76 per cent to close at 20 kobo, per share.
Source: Voice of Nigeria