Lagos – Transactions in the Nigerian Stock Exchange (NSE), reopened on Monday on a bullish trend with the market capitalisation appreciating by N48billion or 0.52 per cent.
The News Agency of Nigerian (NAN) reports that the rebound was due to price gains by some major stocks.
As a result, the market capitalisation closed at N9.25trillion from the N9.20trillion recorded on Friday
Also, the All-Share Index, which opened at 27,585.26 improved by 143.37 points to close at 27,728.63.
Seplat led the gainers’ chart by N19 to close at N404 per share.
Forte Oil gained N7.91 to close at N220, while Nestle grew by N7.25 to close at N753.50 per share.
Dangote Cement appreciated by N2.09 to close at N143.99, while 7UP chalked up 85k to close at N150 per share.
On the other hand, CAP led the losers’ chart by N1.93 to close at N36.82 per share.
Betaglas depreciated by N1.50 to close at N28.50, while Flour Mill lost N1.33 to close at N27.67 per share.
UAC-Property dipped by N1.15 to close at N10.79 and Nigerian Breweries went down by N1 to close at N128 per share.
FCMB emerged as the most traded stock, accounting for 82.25 million shares worth N164.62 million in 47 deals.
GTBank followed with an exchange of 31.88 million shares valued N548.74 million in 415 deals, while UBA sold 25.90 million shares worth N77.58 million in 226 deals.
In all, investors exchanged 316.509million shares worth N2.83 billion in 3,776 deals.
This is against the 513.885 million shares valued N7.08billion traded in 4,436 deals on Friday. (NAN)