NSE market indices record 0.32% growth

The market indices of the Nigerian Stock Exchange (NSE) on Monday recorded marginal growth, appreciating by 0.32 per cent due to marginal gains posted by some blue chips.

The market capitalisation grew by N31 billion or 0.32 per cent to close at N9.591 trillion against N9.560 trillion achieved on Friday.

Also, the All-Share Index which opened at 27,835.22 improved by 89.78 points to close at 27,925.00.

A breakdown of the price movement chart showed that Nigerian Breweries led the gainers’ table growing by N2.21 to close at N148.01 per share.

Lafarge Africa followed with a gain of N1.80 to close at N49, while Guaranty Trust Bank gained 45k to close at N23.90 per share.

Zenith Bank increased by 32k to close at N14.55 and Union Bank of Nigeria appreciated by 24k to close at N5.04 per share.

Conversely, Guinness topped the losers’ chart, dropping by N8.62 to close at N79.83 per share.

Mobil Oil trailed with a loss of N6.72 to close at N185 and Glaxosmithkline lost 60k to close at N18.40 per share.

CCNN was down by 30k to close at N5.70, while Forte Oil depreciated by 21k to close at N159.69 per share.

Zenith Bank drove the activity chart with a turnover of 27.82 million shares valued at N402.18 million.

GT Bank came second having accounted for 27.77 million shares worth N662.45 million and FCMB Group traded 16.73 million shares valued at N19.49 million.

United Capital sold 14.74 million shares worth N37.18 million, while FBN Holdings accounted for 14.49 million shares valued at N45.06 million.

In all, investors bought and sold 171.46 million shares worth N1.73 billion achieved in 3,045 deals.

This was against the 200.84 million shares valued at N921.57 million transacted in 3,048 deals on Friday.