Stanbic IBTC Lifts Equities by 0.19%

By Dipo Olowookere

Trading resumed on the floor of the Nigerian Stock Exchange (NSE) on Monday and at the close of transactions, the market was up by 0.19 percent.

This was mainly influenced by gains recorded by stocks across sectors, including banking, oil and gas, consumer goods and others.

This pushed the All-Share Index (ASI) northwards by 61.81 points to close at 32,444.96 points, while the market capitalisation appreciated by N23 billion to settle at N11.845 trillion.

At the market yesterday, Stanbic IBTC recorded the highest price appreciation, growing by 45 kobo to finish at N42.95k per share.

It was followed by Conoil, which rose by 30 kobo to end at N22.50k per share, and Nigerian Breweries, which also increased by 30 kobo to end at N90 per share.

Zenith Bank grew by 20 kobo to settle at N21.75k per share, while NEM Insurance went up by 16 kobo to close at N3.11k per share.

On the flip side, Presco topped the losers’ chart on Monday after shedding N3.20k to settle at N53.35k per share.

Eterna Oil went down by 15 kobo to close at N6.20k per share, while AIICO Insurance fell by 5 kobo to settle at 78 kobo per share.

UBA also depreciated by 5 kobo to end at N8.15k per share, while John Holt lost the same amount, 5 kobo, to end finish at 48 kobo per share.

Business Post reports that the Financial Services sector led the activity chart yesterday with 103 million shares exchanged for N1.1 billion, while the Conglomerates sector followed with 5.4 million equities transacted for N7 million.

GTBank, which closed as the most transacted stock on Monday, traded 21.6 million units valued at N788.6 million.

FCMB sold 21.4 million units for N36.6 million, while NEM Insurance traded 11.2 million shares for N33.1 million.

In addition, Fidelity Bank exchanged 7.9 million shares worth N14.3 million, while Zenith Bank transacted 5.8 million equities worth N125.8 million.

At the close of trading activities yesterday, the volume and value of shares transacted by investors depleted by 27.50 percent and 9.93 percent respectively.

While the volume of trades went down from 166.7 million to 120.8 million, the value crashed from N1.5 billion to N1.4 billion.