NSE All-Share Index rebounds by 0.72 per cent

Lagos -Activities at the Nigerian Stock Exchange (NSE), opened for the week on Monday on a positive trend with the All-Share Index rebounding by 0.72 per cent.

The News Agency of Nigeria (NAN) reports that the index rose by 191.28 points or 0.72 per cent to close at 26,728.64 as against 26,537.36 posted on Friday.

In the same vein, the market capitalisation, which opened at N9.124 trillion, increased by N65 billion to close at N9.189 trillion.

A breakdown of the price movement table showed that Dangote Cement led the gainers’ chart, growing by N2.04 to close at N152.05 per share.

GT Bank came second with 95k to close at N20, while Ecobank Transnational gained 70k to close at N16.70 per share.

UBN improved by 28k to close at N5.98 and Lafarge Africa garnered 25k to close at N92.25 per share.

On the other hand, Nestle recorded the highest price loss to lead the losers’ chart, dropping by N10 to close at N790 per share.

Mobil trailed with a loss of N5.84 to close at N120, while Flour Mills dipped N1.05 to close at N19.95 per share.

UACN declined by 25k to close at N18.75 and Custodian Insurance depreciated by 17k to close at N4.01 per share.

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NAN also reports that UBA drove the activity chart accounting for 38.21 million shares worth N141.14 million traded in 138 deals.

GT Bank followed with 32.34 million shares valued at N615.77 million transacted in 184 deals, while FBN Holdings sold 28.68 million shares worth N134.39 million in 245 deals.

Access Bank traded 22.18 million shares valued at N102.05 million exchanged in 95 deals, while Zenith Bank sold 8.69 million shares worth N120.46 million traded in 201 deals.

Over all, investors’ staked N2.39 billion on 195.98 million shares achieved in 2,387 deals.

This was in contrast with a total of 480.35 million shares valued at N3.03 billion exchanged by investors’ in 2,412 deals. (NAN)