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NSE: Market rebounds as index rises by 0.57%

By The Citizen
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Weekly activities on the Nigerian Stock Exchange (NSE) opened on Monday on a positive trend with the market indicators appreciating by 0.57 per cent.

The All-Share Index, which opened at 38,952.47, appreciated by 220.29 or 0.57 per cent to close higher at 39,172.76.

Similarly, the market capitalisation rose by N71 billion or 0.57 per cent to close at N12.582 trillion against the N12.511 trillion achieved on Friday.

Nigerian Breweries topped the gainers' chart, appreciating by N3.41 to close at N149.50 per share.

It was followed by GTBank which rose by N1.01 to close at N26, while Stanbic IBTC Bank chalked up 71 to close at N21.25 per share.

PZ increased by 51k to close at N35.50, while Okomu Oil grew by 50k to close at N41.55 per share.

Conversely, Nestle led the losers' chart, losing N9.15 to close at N1, 026.35 per share.

ConOil followed, dropping N1.12 to close at N48, while Glaxosmith lost 70k to close at N70 per share and Portpaint dipped by 27k to close at N5.13 per share.

NEM emerged the most traded stock, accounting for 164.043 million shares worth N126.55 million in 25 deals.

It was trailed by Access Bank as investors' staked N300.53 million on 39.24 million shares in 271 deals, while Transcorp sold 28.91 million shares valued at N115.91 million in 252 deals.

GTBank accounted for 16.07 million shares worth N402.96 million in 307 deals, while UBA traded 11.70 million shares valued at N89.82 million in 213 deals.

In all, the volume of shares traded improved by 12.01 per cent as 383.275 million shares worth N2.73 billion were traded in 4,625 deals.

This was against the 342.186 million shares valued at N3.22 billion traded in 4,138 deals on Friday.