NSE: trading resumes May with 0.09% growth

The Nigerian Stock Exchange (NSE) resumed trading for the month on Wednesday after the public holiday with a marginal growth of 0.09 per cent.

It was reported that the market capitalisation for the first trading day increased by N14 billion or 0.09 per cent to close at N14.962 trillion as against N14.948 trillion on Monday.

Similarly, the All-Share Index which opened at 41,268.23 rose by 38.01 points or 0.09 per cent to close at 41,306.02.

Analysis of the price movement chart showed that Mobil Oil led the gainers’ table, improving by N16.70 to close at N19.50 per share.

Dangote Cement followed with a gain of N1.90 to close at N247.90, while Presco increased by 70k to close at N70 per share.

Union Bank of Nigeria added 25k to close at N6.50, while United Bank for Africa rose by 15k to close at N11.70 per share.

On the other hand, Nestle topped the losers’ chart, shedding N29 to close at N1, 570 per share.

Dangote Flour trailed with a loss of N1.25 to close at N12.05, while Nigerian Breweries was down by 90k to close at N129 per share.

Cadbury lost 65k to close at N13.15, while Dangote Sugar dropped 50k to close at N20 per share.

It was reported that the volume of shares traded dropped by 38.69 per cent, while the value of shares exchanged rose by 38.91 per cent.

Consequently, investors bought and sold 276.24 million shares valued at N6.89 billion exchanged in 5,327 deals.

This was against the 450.53 million shares worth N4.96 billion achieved in 4,699 deals on Friday.

United Bank for Africa Plc was the most active stock for the day, trading 52.33 million shares worth N610.87 million.

It was trailed by Guaranty Trust Bank with 42.27 million shares valued at N1.89 billion, while Zenith International Bank traded 30.07 million shares worth N832.43 million.

Fidelity Bank sold 24.05 million shares worth N60.56 million, while FCMB Group exchanged 17.32 million shares valued at N43.95 million.