NSE: Transactions reopen on bullish trend
Transactions on the Nigerian Stock Exchange (NSE), on Monday, reopened for the week on bullish note with some blue chips companies sustaining some significant price rallies.
Nestle maintained its price leadership, gaining N39.6 to close at N855 per share.
Nigerian Breweries came second on the gainers’ chart with N7 to close at N146, while Lafarge Wapco rose by N3.8 to close at N79.8 per share.
Dangote Cement grew by N3 to close at N156, while GTBank appreciated by N1.78 to close at N19.68 per share.
On the other hand, Guinness topped the losers’ chart, dropping N4 to close at N126 per share.
Cadbury followed with a loss of N2.1 to close at N39.9, while PZ Cussons dipped 89k to close at N25.11 per share.
UPL lost 41k to close at N3.81, while Stanbic IBTC lost 38k to close at N25.12 per share.
The NSE All-Share Index appreciated by 738.51 points or 2.54 per cent to close at 29,773.40 points against the 29,034.89 points achieved on Friday.
The market capitalisation, which opened at N9.671 trillion, rose by N246 billion or 2.54 per cent to close higher at N9.917 trillion.
In all, 426.248 million shares valued at N3.43 billion were exchanged in 4,391 deals, representing an increment of 63.12 per cent.
This was against a turnover of 261.305 million shares worth N2.87 billion achieved in 4,029 deals on Friday.
Mbenefit emerged the most traded stock, accounting for 141.54 million shares valued N70.77 million.
It was trailed by FCMB, which sold 44.94 million shares worth N94.98 million, while Access Bank accounted for 36.67 million shares valued N206.66 million.
Transcorp traded 26.14 million shares worth N88.37 million, while investors in Diamond Bank staked N119.03 million on 28.35 million shares.
