By Amaka Ifeakandu
Lagos
Trading activities at the nation’s stock market yesterday opened week in a positive trend after two days public holidays to observe Id-del- fitr celebration.
The two key market indicator of the Nigerian Stock Exchange appreciated by 0.92 per cent. Specifically, market capitalisation of listed equities rose by N98 billion to N10.725 trillion from N10.627 trillion traded last week Thursday. Also the NSE All Share Index (ASI) went down by 286.80 basis points to 31,334.79 points from 31047.99 points traded previously.
Investor’s traded 1.056 billion shares worth N15.780 billion in 3471 deals against a total of 222.22 million shares valued N2.84 billion were exchanged by investors in 3,696 deals. An analysis of the transactions for the day showed that Nestle Nigeria Plc led gainers table improving by N16.93 kobo to close at N856.93 kobo, Mobil Nigeria Plc followed with a gain of N5.00 to close at N155.00, Total Nigeria Plc increased by N4.05 kobo to close at N164.95 kobo, Dangote Cement appreciated by N2.46 kobo to close at N170.46 kobo while.
7UP Bottling Company grew by N2.15 kobo to close at N183.15 kobo. On the contrary, GTBank topped losers chart, dropping by N0.50 kobo to close at N25.50 kobo, Berger Paint trailed with a loss of N0.49 kobo to close at N9.36 kobo, CCNN fell by N0.47 kobo to close at N9.60 kobo. Other Companies that recorded depreciation were Stanbic IBTC and Guinness Nigeria Plc N0.30 kobo and N0.20 kobo respectively to close at N23.65 kobo and N141.80 kobo.
Further analysis of the investment indicated that Zenith International Bank Plc recorded the highest volume of activities, trading 729.100 million shares worth N13.014 billion. Access Bank Plc followed with account of 65.626 million shares valued at N341.604 million, Union Dicon sold 51.703 million shares cost N25.851 million, GTBank traded 51.538 million shares valued at N1.321 billion and. Unity Capital Insurance exchanged 27.555 million shares worth N13.777 million.
