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NSE: All-Share Index Gains 16.06 Points Monday


By Modupe Gbadeyanka

Trading on the Nigerian Stock Exchange (NSE) ended on a positive note on Monday with the All-Share Index (ASI) closing at 28,263.13 compared with 28,247.07 it closed on Friday, gaining 16.06 points or 0.05 percent.

In the same vein, the market capitalisation appreciated by N5 billion to close at N9.708 trillion against N9.703 trillion it ended on Friday on the NSE.

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However, Business Post correspondent gathered that the volume of shares traded on the NSE on Monday slumped compared to Friday.

A total of 249.77 million shares valued at N1.96 billion were traded in 3,170 deals compared to 265.07 million shares worth N1.56 billion exchanged in 3,136 deals last Friday.

A look at the top gainers’ table showed Total Oil leading the pack, raking additional N4.25 to close at N299.25 per share.

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Total Oil was seconded by Nigerian Breweries, which gained N1.48 to end at N145 per share. FlourMill followed, appreciating by N1 to close at N21.04 per share, Cadbury by 78k to close at N16.53 per share and Dangote Cement by 47k to close at N182.5 per share.

However, 7UP topped the losers’ chart, shedding N5.45 to close at N144.55 per share, ConOil by N3.5 to close at N39 per share, Betaglass by N3.39 to close at N31.51 per share, Forte Oil by N2.11 to close at N161 per share and Oando Oil by 29k to close at N5.59 per share.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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