Capital market indices appreciate by 0.89 per cent

Trading on the Nigerian Stock Exchange (NSE) rebounded on Monday as the market indices appreciated by 0.89 per cent due to price gains.
The market capitalisation appreciated by N87 billion to close at N9.845 trillion as against the N9.758 trillion posted on Friday.
Also, the All-Share Index, which opened at 29,243.91, rose by 261.56 basis points or 0.89 per cent to close at 29,505.47.
A breakdown of the price movement chart indicated that Forte Oil led the gainers’ table by N6.93 to close at N196.96 per share.
Lafarge Africa followed by N3.60 to close at N84.00, while Guinness appreciated by N3 to close N129 per share.
Stanbic IBTC gained N1.14 to close at N27.14, while International Breweries increased by 80k to close at N18 per share.
On the other hand, Nestle topped the losers’ chart by N9.50 to close at N820.
It was trailed by CAP with a loss of N2.29 to close at N34, while Cadbury depreciated by N2.05 to close at N38.23 per share.
UAC lost N1.80 to close at N34.20, while Flour Mills Nigeria dropped 67k to close at N32 per share.
Mansard Insurance drove the turnover volume, accounting for 303.74 million shares worth N926.334 million in 76 deals.
FBN Holdings came second with 60.53 million shares valued N476.45 million traded in 476 deals, while Union Bank sold 57.05 million shares worth N536.08 million traded in 47 deals.
Zenith Bank traded 35.29 million shares valued N587.31 million transacted in 369 deals and Ecobank Transnational traded 29.29 million shares worth N521.89 million in 77 deals.
In all, investors bought and sold 611.72 million shares valued N5.62 billion traded in 3,271 deals, indicating an increase of 270.56 per cent.
This was against a total of 165.08 million shares worth N2.09 billion transacted in 3,211 deals on Friday.