Modupe Gbadeyanka
By Modupe Gbadeyanka
Activities resumed on the trading floor of the Nigerian Stock Exchange (NSE) for the week on Monday with 0.27 percent northward movement.
Business Post reports that at the close of transactions, the sum of N34.6 billion was added to the market capitalisation to settle at N12.93 trillion.
Similarly, the All-Share Index (ASI) increased by 100.23 points to finish at 37,525.38 points, nudging the year-to-date return to 39.63 percent.
It was not all bullish at the market today as the market breadth closed negative with 22 gainers against 27 losers.
Also, the volume and value of shares transacted on the floor of the NSE finished lower with investors exchanging 254.5 million shares in 4,600 deals worth N5.8 billion compared with 515.5 million units sold last Friday in 4,132 deals valued at N6.3 billion.
Access Bank closed on Monday as the most active equity, trading 46.3 million shares worth N464.5 million.
It was trailed by Zenith Bank, which exchanged 29.6 million shares at N746.2 million, and GTBank, which transacted 25.5 million shares at N1 billion.
UBA sold 16 million shares worth N154.7 million, while FBN Holdings moved 14.3 million shares worth N89.6 million.
However, Nestle was today’s top market gainer, continuing its upward movement, increasing by N33.58k to settle at N1060 per share.
Just right behind Nestle was Nigerian Breweries, which grew by N5.35k to close at N181 per share, and Mobil, which rose by N4.90k to end at N236.90k per share.
Also, 7up advanced by N2.70k to finish at N94.70k per share, while Lafarge progressed by N1 to settle at N60 per share.
On the flip side, Okomu Oil depreciated by N2.23k to close at N70 per share, while Dangote Cement fell by N1.21k to end at N240.79k per share.
Furthermore, Unilever crashed by 90k to finish at N40.10k per share, Forte Oil slumped by 83k to close at N59.54k per share, and UACN tripped by 55k to settle at N16.95k per share.
