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NSE Index Records 0.32% Gain Monday As NB Leads Gainers


By Modupe Gbadeyanka

Nigeria’s equities market ended on a positive note on Monday with the all-share index growing by 0.32 percent after it ended last Friday at 27,835.22 basis points, gaining 89.78 points today to finish at 27,925.00 points.

In the same vein, the market capitalisation added N30.835 billion to end at N9.591 trillion against N9.560 trillion it closed on Friday.

A total of 171.461 million shares were traded today on the Nigerian Stock Exchange (NSE) in 3,045 deals valued at N1.730 billion.

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A careful look at shares that performed well today on the NSE showed Nigerian Breweries leading the pack, gaining N2.21k to close at N148.1k per share, while Wapco added by N1.80k to finish at N49 per share.

GTBank grew by 45k to end at N23.90k, Zenith Bank picked 32k to finish at N14.55k per share, while Union Bank took 24k to close at N5.4k per share.

On the other end, Guinness led the losers chart on Monday after shedding N8.62k to finish at N79.83k per share.

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Mobil followed after declining by N6.72k to close at N185 per share, GlaxoSmithKline dropped 60k to end at N18.40k, Cement Company of Northern Nigeria Plc (CCNN) fell by 30k to finish at N5.70k per share and Forte Oil lost 21k to close at N159.69k per share.

Investors got attracted to Zenith Bank shares on Monday, accounting for the most traded equity with total 27.817 million shares valued at N402.178 million exchanged, while GTBank followed with 27.766 million units traded at N662.450 million.

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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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