NSE Sustains Bullish Run on Monday; Gains N48b

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  • NSE Sustains Bullish Run on Monday; Gains N48b

The Nigerian Stock Exchange (NSE) on Monday sustained its last week bullish run as 22 equities closed in the green.

The market capitalisation of listed equities rose slightly from N15.256 trillion recorded on Friday to N15.304 trillion on Monday, representing an increase of N48 billion. While the NSE All-Share Index grew by 0.31 percent from 29,618.52 to 29,710.56.

The bourse year-to-date return inched slightly higher to 10.60 percent.

A total shares of 266.95 million worth N4.18 billion were traded in 5,052 transactions. “Banking stocks dominated the activities’ chart with Access Bank emerging the most active stock with a turnover of 37.84 million shares valued at N408.69 million. Zenith Bank followed with a turnover of 34 million shares worth N790.41 million. Guaranty Trust Bank placed third with 33.6 million shares worth N1.15 billion. FBN Holdings recoded a turnover of 22.81 million shares valued at N171.9 million while United Bank for Africa recorded a turnover of 18.07 million shares worth N1660.7 million.”

“With 22 advancers to 12 decliners, most sectoral indices also closed on the upside. The NSE Industrial Goods Index rose by 1.95 per cent. The NSE Banking Index appreciated by 1.16 per cent. The NSE Insurance Index gained 1.10 per cent while the NSE Oil and Gas Index posted a return of 0.34 per cent. However, the NSE Consumer Goods Index declined by 3.14 per cent.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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