Investors with the Nigerian Stock Exchange (NSE) began this week’s trading in the domestic equities market on a positive note, following investors’ interests in ZENITH BANK PLC, INTERNATIONAL BREWERIES PLC and FLOUR MILLS NIGERIA PLC stocks.
Consequently, the Market Capitalization grew 0.08% or 16 billion Naira to close on Monday at 20,994 trillion Naira from 20,978 trillion Naira on Friday.
Likewise, the benchmark index increased by 0.08% or 30.56 basis points to close at 40,150.78 points from previous closing of 40,120.22 basis points.
The total volume traded increased by 0.7% to 335.70 million units, valued at N2.49 billion, and exchanged in 5,338 deals.
MUTUAL BENEFITS ASSURANCE PLC was the most traded stock by volume at 104.16 million units, while OKOMU OIL PALM PLC was the most traded stock by value at N462.84 million.
Analyzing by sectors, the Oil & Gas index gained more by 0.9% or 2.18 basis points, followed by Consumer Goods Index with a 0.5% or 2.72 basis points gain; the Banking index trailed with 0.2% 0.78 basis points.
While the Insurance recorded the most decline by 0.7% or 1.49 basis points, the Industrial Goods index declined by 0.07 basis points or 0.00%.
Market sentiment, as measured by market breadth, was positive, as 27 stocks gained, relative to 24 losers.
To lead the gainers was ARDOVA PLC with an opening price of N16.35k per share and a closing price of N17.95k per share, gaining N1.60k or 9.79 percent followed by MAY & BAKER NIGERIA PLC, which began the day’s trading with a selling price of N3.27k per share and a closing selling price of N3.59k per share, gaining 0.32k or 9.79 percent.
BERGER PAINTS PLC was next with an opening selling price of N7.35k per share and a closing selling price of N8.05k per share, gaining 0.70k or 9.52 percent.
On the reverse side, however, CUTIX PLC recorded the biggest loss for the day by 0.24 or 10.00 percent to close at N2.16k per share from N2.40k per share.
B.O.C. GASES PLC was next with a N1.26 or 9.96 percent loss to close at a selling price of N11.39k per share down from N12.65k per share.
CAVERTON OFFSHORE SUPPORT GRP PLC was right after with a previous selling price of N1.98k per share to close at N1.84k per share, losing by 0.14k or 7.07 percent.
