NSE Indices Open With 0.24% Growth

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The Nigerian Stock Exchange (NSE) market indices resumed for the week on Monday with a growth of 0.24 per cent due to Nestle price appreciation.

The News Agency of Nigeria (NAN) reports that the market capitalisation improved by 0.24 per cent or N31 billion to close at N12.805 trillion compared to N12.774 trillion achieved on Friday.

Similarly, the All-Share Index which opened at 36,703.58 rose by 89.02 points or 0.24 per cent to close at 36,792.60 posted on Friday.

NAN reports that Nestle recorded the highest price gain to lead the gainers’ table, growing by N4.87 to close at N1, 255.90 per share.

PZ rose by N2.30 to close at N24.79 kobo, while National Salt grew by N1.39 to close at N15.89 per share.

Zenith International Bank inched 86k to close at N24.98 kobo, Dangote sugar increased by 62k to close at N14.95 per share.

Conversely, Forte Oil led the laggards’ chart with a loss of N4.73 to close at N43.89 per share.

International Breweries came second with 95k loss to close at N50.85, while Unilever was down by 50k to close at N37 per share.

GT Bank dipped 40k to close at N42.60, while Nigerian Breweries depreciated by 30k to close at N138.50 per share.

However, the volume of shares traded closed lower as investors bought and sold a total of 208.71 million shares valued at N2.45 billion transacted in 2,993 deals.

NAN reports that this was against the 1.83 billion shares worth N6.31 billion achieved in 3,097 deals on Friday.

Custodian and Allied Insurance was the most active, accounting for 40.46 million shares worth N151.72 million, while FBN Holdings sold 27.45 million shares valued at N190.08 million.

Fidelity Bank exchanged 23.46 million shares worth N37.54 million, while Diamond Bank transacted 16.89 million shares valued at N19.37 million.

Zenith International Bank sold 12.78 million shares worth N319 million. (NAN)