Economy
Weekly activities on the Nigerian Stock Exchange (NSE) resumed on a postive note on Monday with the market indices growing marginally by 0.19 per cent.
The News Agency of Nigeria (NAN) reports that the market indices appreciated by 0.19 per cent following price gains by some blue chips.
The market capitalisation rose by N22 billion or 0.19 per cent to close at N11.844 trillion against the N11.822 trillion recorded on Friday.
Also, the All-Share Index rose by 61.81 points or 0.19 per cent to close at 32,444.96 from the 32,383.15 posted on Friday.
Stanbic IBTC led the price gainers’ table, gaining 45k to close at N42.9, while ConOil and Nigerian Breweries followed with a gain of 30k each to close at N22.50 and N90 per share, respectively.
Zenith Bank appreciated by 20k to close at N21.75, while Ben Insurance rose by 16 to close at N3.11 per share.
On the other hand, Prescott topped the price losers’ chart, shedding N.20 to close at N53.35 per share.
Eterna trailed with a loss of 15k to close at N6.20, while Johnholt and AIICO Insurance declined by 5K each to close at 48k and 78k per share, respectively.
UBA was also down by 5k to close at N8.15 per share.
In all, a total of 120.822 million shares valued at N2.34 billion were traded in 2,662 deals.
This was against the 166.645 million shares worth N1.49 billion exchanged in 2,431 deals on Friday.
GTBank was the most active stock, exchanging 21.59 million shares worth N371.59 million in 181 deals.
FCMB followed with 21.37 million shares valued at N945.92 million in 113 deals, while Nem Insurance traded 11.17 million shares worth N157.00 million in 28 deals.
Fidelity Bank sold 7.88 million shares valued at N21.79 million in 108 deals, while Zenith Bank exchanged 5.78 million shares worth N243.16 million in 59 deals. (NAN)
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