NSE: Equity market gains N219bn


Trading activities on the floor of Nigerian Stock Exchange (NSE) Monday closed northward following gains recorded by some highly capitalized companies, gaining N219 billion.

Specifically, market capitalization of listed equities appreciated by 1.72 per cent to N12.937 trillion from N12.718 trillion reported the previous day.


The NSE All Share Index also increased by 498.53 basis points to 39373.40 points from 28871.93 traded on Friday.


An analysis of the transactions showed that MTN Nigeria Communications Plc led gainers table, appreciating by N10.85 kobo to close at  N119.75 kobo.MTN Nigeria has recorded share appreciation of N29.75 kobo in the last three days the company listed on the Exchange at the rate of N90.00 per share. Dangote Cement followed with a gain of N2.00 to close at N178.00,, Guinness Nigeria Plc added N1.45 Kobo to close at N50.50 kobo, Dangote Floor Mill Nigeria Plc increased by N0.20 kobo to close at N16.35 kobo and NEM Insurance Plc appreciated by N0.16 kobo to close at N2.36 kobo.


On the contrary, Forte Oil recorded the highest loss during the day, declining by N2.80 kobo to close at N25.55 kobo, Access Bank trailed with loss of N0.35 kobo to close at N6.10 kobo, Lafarge Wapco depreciated by N0.30 kobo to close at N10.20 kobo, Entranzact appreciated by N0.26 kobo to close at N2.38 kobo while Sterling Bank down N0.20 kobo to close at N2.30 kobo.

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