NSE Index records marginal growth of 0.07%

NSE: Indices drop by 0.60%
United Bank for Africa

Activities on the Nigerian Stock Exchange closed on a cautious note on Monday as investors awaited the outcome of the Monetary Policy Committee (MPC).

The MPC meeting started in Abuja on Monday and will end on Tuesday.

Newsverge reports that the All-Share Index recorded a marginal growth of 0.07 per cent or 18.39 points to close at 25,671.55 from 25,653.16 posted on Friday.

Also, market capitalisation, which opened at N8.878 trillion, improved by N3 billion to close at N8.881 trillion.

Nestle led the gainers’ table, growing by N19.99 to close at N750 per share.

Mobil Oil followed with a gain of N14 to close at N294, while Guaranty Trust Bank gained 85k to close at N27.15 per share.

ETI improved by 10k to close at N9.80 , while NAHCO also added 10k to close at N2.10 per share.

On the other hand, Guinness recorded the highest price loss, shedding N3.32 to close at N63.18 per share.

Julius Berger trailed with a loss of N1.95 to close at N38, while Dangote Cement shed N1 to close at N165 per share.

UAC of Nigeria was down by 49k to close at N13.51, while Cadbury declined by 21k to close at N7.80 per share.

Custodian and Allied Insurance emerged the most traded share in volume terms, exchanging 176.41 million shares worth N541.59 million.

FBN Holdings followed with 150.35 million shares valued at N470.69 million, UBA traded 25.09 million shares worth N137.48 million.

Zenith Bank sold 23.05 million shares valued at N323 .71 million, while Diamond Bank exchanged 20.52 million shares worth N18.91 million.

In all, investor495.24 million shares valued at N2.55billion in 2,587 deals against 151.38 million shares worth N1.86 billion achieved in 2,325 deals on Friday.