Lagos - Weekly equity transactions on the Nigerian Stock Exchange (NSE)
opened on Monday on the upbeat note as the All-Share Index grew by 2.22 percent.
The News Agency of Nigeria (NAN) reports that the index rose by 863.75 basis
points to close higher at 39 695.34 against the 38 831.59 achieved on Friday.
The market capitalisation, which opened at N12.427 trillion, rose by N276
billion or 2.22 per cent to close at N12.703 trillion.
An analysis of the price movement chart indicated that Dangote Cement recorded
the highest gain to lead the gainers table by N20 to close at N220 per share.
Nestle followed with a gain of N6 to close at N1 126, while Ashakacem
appreciated by 51k to close at N20.51 per share.
GTBank gained 40k to close at N27, while Nigerian breweries increased by 20k to
close at N161.20 per share.
Conversely, Guinness topped the losers' chart, losing N8 to close at N247
Wapco trailed with a loss of N4.20 to close at N107, while Cadbury lost N3 to
close at N63 per share.
Unilever depreciated by N2.87 to close at N54.61, while PZ shed by 97k to close
at N35.63 per share.
The volume of shares traded, however, decreased by 63.55 per cent with an
exchange of 265.123 million shares worth N2.86 billion traded in 3 974 deals.
This was in contrast to the 727.416 million shares valued at N4.91 billion
traded in 4 469 deals on Friday.
Transcorp emerged the toast of investors, accounting for 57.95 million shares
valued at N234.34 million.
It was followed by Unity Bank with 36.65 million shares valued at N19.165
GTBank traded 26.42 million shares worth N713.56 million, while Zenith Bank
sold 17.11 million shares worth N372.06 million.