Capitalisation rises by N110b as bulls take upper hand

Investors traded with optimism barely 48 hours to Christmas. Major indicators on  the Nigerian Stock Exchange ended Monday trading positive as some investors took position on stocks.

The NSE All-Share Index appreciated by 0.86 per cent to close at 39, 906.76 as against 39, 562.75 recorded on Friday last week while market capitalisation, which opened at N12.661 trillion rose by N110 billion or 0.86 per cent to close at N12, 771trillion.

Capitalisation had dipped by N64bnin the  the preceding day to close at N12.660trn. The NSE 30-Index rose 0.96 per cent to close at 1,832.44 points, while the Banking Index added 1.10 per cent to close at 415.81 points.

The Insurance Index lost 0.39 per cent to close at 147.43 points, while the Consumer Goods Index gained 0.37 per cent to close at 1,085.99 points.

The Oil and Gas Index rose 2.18 per cent to close at 311.70 points, while the Lotus Islamic Index added 0.37 per cent to close at 2,796.35 points. The Industrial Index increased 0.48 per cent to close at 2,473.06 points, while the Alternative Securities Market remained unchanged.

Oando Plc led the gainers' table with N1.22 or 7.43 per cent to close at N17.64 per share, followed by Fidson Healthcare Plc with 17 kobo or 6.67 per cent to close at N2.72 per share. NEM Insurance Plc rose three kobo or five per cent to close at 63 kobo per share, while Glaxosmithkline Plc appreciated N3.12 or 4.99 per cent to close at N65.62 per share. Eterna Oil Plc gained 20 kobo or 4.99 per cent to close at N4.21 per share.

Vono Products Plc lost nine kobo or 4.95 per cent to close at N1.73 per share, while ETranzat Plc shed 13 kobo or 4.83 per cent to close at N2.56 per share.

IPWA Plc dropped three kobo or 3.95 per cent to close at 73 kobo per share, while International Energy Insurance Plc depreciated two kobo or 3.57 per cent to close at 54 kobo per share. International Breweries Plc dipped N1.00 or 3.33 per cent to close at N29.00 per share.

A total of 289.9 million shares valued at N2.14bn were traded in 3,952 deals.