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BUSINESS REPORT || NSE MARKET WINNING RECESSION WAR BY 0.01 PER CENT

Nigerian stock market appreciates marginally by 0.01 per cent

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

The News Agency of Nigeria reports that the All-Share Index improved by 2.2 points or 0.01 per cent to close at 25,743.03, against 25,740.83 achieved on Friday.

Similarly, the market capitalisation, which opened at N8.855 trillion, rose by one billion or 0.01 per cent to close at N8.856 trillion.

A breakdown of the price movement chart indicated that Total recorded the highest gain to lead the gainers’ chart with N25.35 to close at N276.15 per share.

Forte Oil followed with a gain of N6.68 to close at N71.94 and Nigerian Breweries garnered N1.94 to close at N145 per share.

CAP gained N1 to close at N34, while Oando rose by 34k to close at N4.70 per share.

On the other hand, Guinness topped the losers’ chart shedding N8.67 to close at N80.33 per share.

Nestle trailed with a loss of N5 to close at N815 and Lafarge Wapco shed N1.80 to close at N40.90 per share.

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Mobil lost 82k to close at N323.31 and Flour Mills decreased by 70k to close at N18.50 per share.

Zenith Bank drove the activity chart with a total of 29.52 million shares worth N421.04 million.

Wapic Insurance accounted for 15.30 million shares valued at N7.65 million, and GT Bank traded 14.93 million shares worth N343.03 million.

Investors staked N45.78 million on 14.38 million shares of FBN Holdings, while FCMB Group transacted 13.61 million shares valued at N13.58 million.

In all, investors bought and sold a total of 175.06 million shares worth N3.14 billion achieved in 3,048 deals, against a turnover of 576.85 million shares valued at N1.35 billion exchanged in 2,258 deals on Friday.

(NAN)

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