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Transactions maintain bullish trend on NSE


LAGOS – Transactions on the Nigerian Stock Exchange (NSE) on Monday reopened for the week on a bullish note with some blue chips sustaining price rally.
The News Agency of Nigeria (NAN) reports that Nestle maintained its price leadership, gaining N26.86 to close at N836 per share.
Seplat came second on the gainers’ chart with N13.25 to close at N278.27, while Total Oil rose by N7.16 to close at N150.47 per share.
Forte Oil grew by N6.65 to close at N219.9, while Guinness appreciated by N6.24 to close at N131.2 per share.
Consequently, the NSE All-Share appreciated by 1,065.42 basis points or 3.52 per cent to close at 31,371.93 against the 30,306.51 achieved on Friday.
Also, the market capitalisation, which opened at N10.005 trillion, rose by N352 billion or 3.52 per cent to close higher at N10.357 trillion.
On the other hand, 7UP topped the losers’ chart, dropping N4.4 to close at N154 per share.
Ashaka Cement followed with a loss of N2.39 to close at N22.21, while International Breweries dipped N1.3 to close at N24.7 per share.
CWG lost 21k to close at N4.13, while ETI lost 2k to close at N17.2 per share.
In all, a total of 837.127 million shares valued at N5.45 billion were exchanged in 5,057 deals, representing a decrease of 12.33 per cent.
NAN reports that this was against a turnover of 3.99 billion shares worth N30.26 billion achieved in 5,678 deals on Friday.
Transcorp emerged the most traded stock, accounting for 412.99 million shares valued N1.33 million.
It was trailed by FBN Holdings, which sold 62.21 million shares worth N528.19 million, while FCMB accounted for 62.21 million shares valued N528.19 million.
UBA traded 43.05 million shares worth N178.08 million, while investors in UBN staked N170.71 million on 23.96 million shares. (NAN)

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