Nigerian Stock Exchange trading floor

The market indices of the Nigerian Stock Exchange (NSE) on Monday rebounded by 0.22 per cent after dropping for about three weeks.

The market capitalisation grew by N23 billion or 0.22 per cent to close at N10.367 trillion against N10.344 trillion posted on Friday.

Similarly, the All-Share Index rose by 67.56 points or 0.22 per cent to close at 30,247.83 achieved on Friday due to price appreciation by some blue chip equities.

Guinness led the gainers’ table, increasing by N4.92 to close at N130.02 per share.

Forte Oil followed with a gain of N2 to close at N190, while Flour Mill gained N1.43 to close at N30.43 per share.

Dangote Cement went up by N1 to close at N172, while Stanbic IBTC appreciated by 38k to close at N22 per share.

Conversely, Total topped the losers’ chart, declining by N3 to close at N160 per share.
UACN trailed with a loss of N2 to close at N36, while Northern Nigeria Flour Mills Nigeria dropped 77k to close at N14.72 per share.

Nigerian Breweries and Oando lost 50k and 39k, respectively, to close at N120.50 and N12.11 per share each.

Also, the volume of shares traded grew by 19.39 per cent with an exchange of 320.25 million shares worth N3.53 billion traded in 3,277 deals.

This was in contrast with 268.24 million shares valued N2.15 billion transacted in 3,621 deals on Friday.

Zenith Bank was the toast of investors, exchanging 70.79 million shares worth N1.14 billion.
UBA trailed with 60.85 million shares worth N255.65 million, while Continental Insurance traded 47.20 million shares valued N40.12 million.

GT Bank sold 25.99 million shares worth N599.49 million and Access Bank exchanged 24.45 million valued N119.85 million