Connect with us
Advertise With Us

BUSINESS

NSE Rallies To 1.49% Growth

Published

on

The Nigerian Stock Exchange (NSE) resumed on Monday with a growth of 1.49 per cent, as predicted by market analysts.

The News Agency of Nigeria (NAN) reports that the All-Share Index rose by 637.70 points or 1.49 per cent, as a result of gains by some highly capitalised stocks.

Similarly, the market capitalisation which opened at N15.403 trillion rose by N229 billion or 1.49 per cent to close at N15.632 trillion.

The market indices were lifted by price appreciation recorded by Seplat, Total, Dangote Cement and Presco, among others.

Seplat led the gainers’ chart with a gain of N59.90 to close at N760 per share.

Total came second with N11.50 to close at N254, while Dangote Cement increased by N10 to close at N275 per share.

Presco improved by N5.25 to close at N78, while Beta Glass went up by N3.60 to close at N75.70 per share.

On the other hand, Mobil Oil led the losers’ table with a loss of N2 to close at N175 per share.

Guinness Nigeria trailed with N1.70 to close at N98, while Nigerian Breweries shed N1.10 to close at N129.90 per share.

Flour Mills dipped 55k to close at N33.05, while Zenith International Bank declined by 45k to close at N31.10 per share.

Guaranty Trust Bank topped the activity chart with a turnover of 45.99 million shares worth N2.25 billion.

Access Bank followed with an account of 28.67 million shares valued at N383.05 million, while FBN Holdings traded 25.42 million shares worth N292.67 million.

Courtville Business Solutions sold 15.362 million shares valued at N4.69 million, while United Bank for Africa exchanged 13.58 million shares worth N173.87 million.

Overall, the total volume of shares traded closed lower as investors bought and sold 252.05 million shares valued at N5.75 billion transacted in 4,270 deals.

This was in contrast with a turnover of 403.14 million shares worth N9.14 billion achieved in 4,738 deals on Friday. (NAN)

 

Advertisement
Comments

MOST READ

NEWS4 hours ago

Assent To Forensic Investigators Bill, Reps Task PMB

A member of the House of Representatives, Hon. Uzoma Nkem-Abonta has urged President Muhammadu Buhari to sign the Chartered Institute...

POLITICS4 hours ago

I Am Not Bitter Over My Brother’s Loss At Supreme Court, Says Adeleke

The President and founder of Adeleke University, Ede, Dr. Deji Adeleke has said that he was not embittered by the...

NEWS4 hours ago

Edojobs, Mainone Partner On Data Science, AI Training For 100 Edo Youths

The Edo State Skills Development Agency (EdoJobs) has partnered with MainOne, West Africa’s leading connectivity and data center provider, to...

Peoples Democratic Party PDP logo Peoples Democratic Party PDP logo
NEWS4 hours ago

PDP Raises Alarm Over Alleged Missing $1bn ECA Security Fund

***Demands Immediate Public Explanation From PMB The Peoples Democratic Party (PDP) has described as shocking the confession by the National...

NEWS4 hours ago

Rivers Govt Moves To Eliminate Sea Piracy

The Rivers State government has declared that it is taking necessary steps towards eliminating sea piracy and other terror attacks...

NEWS4 hours ago

World Bank Engages SMEs In Edo, Declares Support For Obaseki’s Blueprint

A Senior Economist with the World Bank, Gloria Joseph-Raji, has said the Bank is committed to supporting Governor Godwin Obaseki’s...

NEWS4 hours ago

Confab Report: GEJ Has No Moral Right To Canvass Implementation

A civil society group, Civil Society Legislative Advocacy Centre, CISLAC has taken a swipe on the former president, Good luck...

Advertisement

MOST POPULAR

%d bloggers like this: