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Market index grows by 0.02%

By The Citizen
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The equities segment of the Nigerian stock market closed on a positive note on Monday, marginally erasing part of the losses recorded in the previous session.

The Nigerian Stock Exchange (NSE) index rose by 0.02 per cent to close at 38,747.51 basis points, compared to a 0.33 per cent fall on Friday, which saw it close at 38,738.15 basis points.

Similarly, the market capitalisation of the listed equities appreciated by 0.02 per cent or N3bn to close at N12.393tn. It had shed 0.33 per cent or N41bn in the previous session.

The NSE 30 Index was up by 0.12 per cent to close at 1,789.81 basis points. The Banking Index appreciated 0.39 per cent to close at 407.36 basis points, while the NSE Oil and Gas Index gained 0.11 per cent to close at 302.58 points.

Also, the NSE Industrial Goods Index rose by 0.59 per cent to close at 2,328.07 points.

The NSE Insurance Index and the NSE Consumer Goods Index, however, fell by 1.42 per cent and 0.11 per cent to close at 145.47 basis points and 1,093.14 points.

In all, investors staked N3.49bn on 676.4 million shares in 4,776 deals with 26 stocks recording price appreciation, while 30 stocks recorded price depreciation.

Courteville Business Solutions Plc led the gainers for the day, rising by 4.84 per cent or three kobo to close at 65 kobo per share.

It was followed closely by Prestige Assurance Company Plc, which also rose by 4.84 per cent or three kobo to close at 65 kobo per share.

Nigeria Police Force Microfinance Bank Plc and Vitafoam Plc gained 4.05 per cent and four per cent to close at 77 kobo and N4.68 per share, respectively.

On the flip side, Costain (West Africa) Plc led the losers, shedding 7.38 per cent or nine kobo to close at N1.13 per share, followed by Integrated Insurance Plc, which fell by five per cent or three kobo to close at 57 kobo per share.