By Amaka Ifeakandu
Lagos
Trading activities on the floor of Nigerian Stock Exchange (NSE) yesterday opened week in an upward trend as value of equity improve by N31 billion. Specifically, market capitalisation of listed equities increased by 0.23 per cent to N13.461 trillion against N13.430 trillion traded the previous day. The NSE All Share Index ASI rose by 96.06 basis points to 4076.00 from 40672.94 points recorded on Friday.
A review of the transaction during the day showed that investors traded 2.183 billion shares worth N47.740 billion in 4084 deals against 263.855 million shares valued at N2.798 billion in 4780 deals.
An analysis of the investment showed that Seplat Petroleum Development led gainers table, appreciating N5.00 to close at N675.00, Dangote Cement followed with a gain of N4.89 kobo to close at N219.99 kobo while Lafarge Wapco, PZ industries and Ashakacement advanced by N1.50 kobo, N1.03 kobo and N0.98 kobo respectively to close at N120.00, N34.95 kobo and N33.29 kobo.
On the contrary, Forte Oil topped losers chart, shedding N11.78 kobo to close at N223.82 kobo, Nigerian Breweries trailed with a loss of N1.06 kobo to close at N176.13 kobo while Presco declined by N1.00 to close at N36.00. Other companies that recorded price appreciation were GTBank and CCNN which fell by N0.89 kobo and N0.50 kobo respectively to close at N28.26 kobo and N14.00.
Further analysis of the investment showed that Ecobank Transnational Incorporated recorded the highest volume of activities as it exchanged 2.050 billion shares worth N45.817 billion, Transnational Corporation of Nigeria (Transcorp) followed with account of 15.402 million shares valued at N91.230 million while GTBank sold 12.225 million shares worth 348.415 million. Zenith International Bank traded 11.127 million shares valued at N269.746 million and FBN Holdings sold 8.687 million shares cost N126.413 million.
