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Market Digest Nigeria

Business

NSE indices increases by 0.59%

Trading of shares on the floor of the Nigerian Stock Exchange (NSE) improved yesterday compared with what was recorded on Monday.

The All-Share Index and the market capitalisation appreciated by 0.59 per cent, while volume of shares traded grew by 68.21 per cent.

The market capitalisation, which opened at N8.699 trillion, inched by N51 billion to close at N8.750 trillion due to price gain by some blue chips.

The All-Share Index rose by 147.93 points to 25,284.56 from 25,136.63 achieved on Monday.

Seplat led the price gainers’ table with a gain of N19 to close at N399 per share.

Nigerian Breweries followed with a gain of N1 to close at N131, while Forte Oil gained 91k to close at N50.

Dangote Clement appreciated by 50k to close at N160.50 per share, while GTBank appreciated by 50k to close at N25.50 per share.

On the other hand, Lafarge Africa topped the price losers’ chart, declining by N1.78 to close at N34.50 per share.

Ecobank Transnational Incorporated trailed with a loss of 50k to close at N10, while NASCON shed 35k to close at N6.65 per share.

Julius Berger was down by 30k to close at N39.95, while CAP lost 11k to close at N28.01 per share.

Diamond Bank dominated trading activities in volume terms, accounting for 57.64 million shares worth N48.59 million.

FBN Holdings followed with 32.88 million shares valued at N101.07 million, while NEM Insurance sold 25.93 million shares worth N22.50 million.

Fidelity Bank exchanged 23.12 million shares valued at N19.19 million, while Transnational Corporation of Nigeria (Transcorp) traded 17.45 million shares worth N12.71 million.

In all, investors traded 227.76 million shares valued at N928. 49 million in 2,543 deals, a 68.21 percentage increase.

This was against the 135.40 million shares valued at N681.16 million traded in 2,909 deals on Monday.

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