Nigeria Stock Exchange market indices resume trading with 0.14% growth

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The Nigerian Stock Exchange (NSE) market indicators resumed for the week on Monday with a growth of 0.14 per cent.

The News Agency of Nigeria (NAN) reports that the All-Share Index appreciated by 59.07 points to close at 40,987.77 compared to 40,928.70 achieved on Friday.

Also, the market capitalisation which opened at N14.784 trillion increased by N21 billion or 0.21 per cent to close at N14.805 trillion.

A breakdown of the price movement chart showed that Seplat led the gainers’ table, improving by N27.60 to close at N725.90 per share.

Nestle followed with a gain of N25 to close at N1,410, while Unilever gained N2.50 to close at N54 per share.

GlaxosmithKline rose by N1.35 to close at N31.35, while Oando gained 65k kobo to close at N7.55 per share.

Conversely, Mobil Oil led the losers’ table, dropping by N10 to close at N190 per share.

Nigerian Breweries trailed with a loss of N4 to close at N126, while Presco shed N2 to close at N70 per share.

Access Bank declined by 25k to close at N11.20, while UAC Property was down by 22k to close at N2.58 per share.

NAN reports that Guaranty Trust Bank was the most active in volume terms, accounting for 37.61 million shares valued at N1.65 billion.

Japaul Oil and Maritime followed with an account of 21.35 million shares worth N10.31 million, while Fidelity Bank traded 13.23 million shares valued at N32.57 million.

Zenith International Bank exchanged 11.08 million shares worth N293.17 million, while United Bank for Africa sold 10.10 million shares valued at N109.54 million.

In all, the volume of shares traded rose by 15.17 per cent as investors bought and sold 192.49 million shares worth N3.13 billion transacted in 3,917 deals.

This was in contrast with 167.13 million shares valued at N2.04 billion exchanged by investors in 3,453 deals on Friday.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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