NSE Investors Gain N16.5b as Index Picks 0.18%

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) opened the week on Monday, January 16, 2017, on a bullish note with the major market indices ending green.

This was against what was posted on the last trading day on Friday when the market closed in negative territory.

The all-share index closed today at 26,373.83 points after advancing by 47.9 points or 0.18 percent, while the market capitalisation finished at N9.07 trillion after increasing by N16.5 billion.

The volume of shares bought and sold by investors on the NSE on Monday went higher by 25.4 million.

The chart showed that a total of 174 million shares were traded by investors valued at N1.175 billion, which were executed in 3,075 deals.

A further breakdown, according to Business Post correspondent, indicated that Diamond Bank emerged the most traded equity in terms of volume, accounting for 38.7 million units exchanged at N44.9 million.

Fidelity Bank came second with 29.6 million shares traded at N26.6 million, while Stanbic IBTC came third with a total of 12 million units exchanging hands at N185.6 million.

Access Bank and FCMB occupied the fourth and fifth positions, trading 11 million shares at N75.4 million and 10.7 million units valued N13.6 million respectively.

Our correspondent further reports that 17 stocks appreciated at the close of trading activities on Monday compared with 15 equities that crashed.

Total led the losers’ chart today with a loss of N14.60k per share to close at N285.40k per share, while 7up trailed with a fall of N4.40k per to end at N107 per share.

In the same vein, Guinness lost N3.3k to finish at N69.99k per share, Forte Oil slumped by 42k to close at N73.58k per share, while NCR Nigeria Plc also went down by 42k to end at N8.11k per share.

However, Mobil advanced by N5.32k closing at N255.9k per share to top the gainers’ table, while ETI gained 42k to finish at N10.14k per share.

Also, Zenith Bank rose by 33k to end at N15.90k per share, Stanbic IBTC improved by 30k to finish at N15.82k per share and Access Bank increased by 20k to close at N6.89k per share.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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