NSE closes last trading day in November with 0.45% growth


Nigeria’s bourse closed for the last trading day in November with a growth of 0.45 per cent following price appreciation posted by Airtel Africa and 16 other stocks.

Specifically, the All-Share Index on Monday rose by 156.63 points or 0.45 per cent to close at 35,042.14 compared with 34,885.51 achieved on Friday.

Also, the market capitalisation which opened at N18.227 trillion inched higher by N82 billion or 0.45 per cent to close at N18.309 trillion.

The uptrend was driven by price appreciation in medium and large capitalised stocks, among which are; Airtel Africa, MTN Nigeria Communications (MTNN), AIICO Insurance and FCMB Group.

AIICO Insurance and Airtel Africa led the gainers’ chart in percentage terms with 10 per cent each to close at N1.10 and N588.50 per share, respectively.

Tripple Gee & Company followed with 9.09 per cent to close at 60k per share.

Japaul Oil & Maritime Services improved by 8.33 per cent to close at 26k, while Union Diagnostic & Clinical Services and Unity Bank appreciated by eight per cent each to close at 27k and 81k per share, respectively.

Conversely, Cutix and Northern Nigeria Flour Mills led the losers’ chart in percentage terms, losing 10 per cent each to close at N1.53 and N6.93, per share respectively.

Fidson trailed with 9.87 per cent to close at N4.93 per share.

Neimeth lost 9.63 per cent to close at N2.44, while Learn Africa shed 9.57 per cent to close at N1.04 per share.

Also, the total volume of shares traded improved by 118.38 per cent with an exchange of 415.53 million shares worth N4.89 billion traded in 5,267 deals.

This was in contrast with 190.28 million shares valued at N4.89 billion achieved in 5,267 deals on Friday.

Transactions in the shares of Multiverse Mining and Exploration topped the activity chart with 84.01 million shares valued at N16.80 million.

Zenith Bank came second with 47.02 million shares worth N1.13 billion, while Transcorp sold 34.07 million shares valued at N34.29 million.

Access Bank accounted for 29.90 million shares worth N256.05 million, while Mutual Benefits Assurance transacted 21.57 million shares valued at N4.66 million.