Weekly activities on the Nigerian Stock Exchange (NSE) opened on a positive note on Monday with the market capitalisation appreciating by N22 billion.
The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N10.367 trillion, rose by 0.22 per cent to close at N10.389 trillion due to price gains.
The All-Share Index grew by 65.94 points or 0.22 per cent to close at 30,231.16 against 30,165.22 achieved on Friday.
NAN reports that Forte Oil recorded the highest price gain to lead the gainers’ table, growing by N10.01 to close at N264.99 per share.
Mobil followed with a gain of N4.93 to close at N150, while Guinness gained N3.59 to close at N152.50 per share.
PZ Industries rose by N1 to close to N26, while Ashaka Cement grew by 59k to close at N23 per share.
On the other hand, Nigerian Breweries topped the price losers’ chart, dropping N2 to close at N138 per share.
It was trailed by Okomuoil with a loss of 66k to close to N28, while Flour Mills shed 63k to close at N21.37 per share.
UACN lost 17k to close at N28.90, while Access Bank also lost 13k to close at N5.07 per share.
The volume of shares traded dropped to 134.62 million shares worth N1.48 billion in 2,900 deals on Monday.
This is against the 188.04 million shares valued at N1.33 billion achieved in 21,500 deals on Friday.
Access Bank was the toast of investors with a turnover of 33.79 million shares worth N175.53 million in 96 deals.
Diamond Bank followed with 13.06 million shares valued at N39.14 million achieved in 166 deals, while Zenith Bank sold 9.93 million shares worth N166.64 million in 226 deals.
Cornerstone Insurance accounted for 9.30 million shares valued at N4.65 million in two deals, while UBA traded 9.25 million shares worth N40.63 million in 12 deals.