NSE ASI reclaims 25,000bpts up 3.2%

Equities trading on the Nigerian Stock Exchange resumed the month of May following on a bright note as benchmark indices rose 3.2 percent to close at 25,865.50 basis points (bpts) compared to an increase of 0.42 percent to close at 25,062.41 points last Friday. 

A total of 220.1 million shares valued at N1.5 billion were exchanged in 3,474 deals bringing the market capitalization to close at N8.9 trillion.

Access Bank Plc led the most active stocks for the day, trading a total of 47.4 million shares worth N200.5 million, FCMB came second with a sale of 27.8 million shares worth N26.4 million, FBN Holdings followed with an exchange of 25 million valued at N89 million.

Zenith Bank and Fidelity Bank also traded 19.7 million shares and 19 million shares worth N255.5 million and N20.8 million respectively.

Nestle Plc led the day’s gainers advancing by N63.0 to close at N678.32 per share followed by Dangote Cement Plc which appreciated by N8.17 to close at N171.57 per share. Nigerian Breweries also gained N5.79 to close at N121.68 per share.

WAPCO Plc and Guinness Plc also added N3.39 and N2.72 respectively to close at N71.38 and N94 per share.

On the other hand, the day’s losers were led by Forte Oil Plc with a loss of N20.89 to close at N193.46 per share Glaxosmithkline Plc followed as it dipped N1.12 to close at N21.43 per share, while Nascon Allied Plc lost 43 kobo to close at N8.27 per share.

FBN Holdings Plc. dropped 7 kobo to close at N3.53 and Fidelity Bank Plc. fell 7 kobo to close at N1.1 per share.