Weekly equity transactions on the Nigerian Stock Exchange (NSE) opened on positive note on Monday as investors showed renewed interest in banking stocks.
The News Agency of Nigerian (NAN) reports that the high interest by investors in banking stocks impacted significantly on the market indices.
The All-share Index grew by 113.23 points or 0.48 per cent to close at 23,864.04, up from the 23,750.81 recorded on Friday.
Also, the market capitalisation of listed securities rose by N36 billion to close at N7.596 trillion from the N7.560 trillion achieved on Friday.
The banking sub-sector dominated activities as 88.92 million shares worth N822.68 billion were traded in 2,045 deals.
First Bank was the toast of investors with 18.23 million shares valued at 245.52 million exchanged in 588 deals.
GTBank came second with 16.32 million shares valued at N292.49 traded in 400 deals.
NewGold recorded the highest share price growth with N51 to close at N2, 603 per unit.
Flourmill followed with a gain of N2 to close at N55.50 per share, while Julius Berger grew by N1.28 to close at N28 per share.
Okomuoil also appreciated by N1 to close at N32.50 per share, while UACN gained 98k to close at N36.49 per share.
On the other hand, Arbico led the losers’ chart with a loss of 63k to close at N12.10 per share.
Presco trailed with a loss of 20k to close at N14.80 per share; First Bank shed 8k to close at N13.80 per share.
Cutix lost 7k to close at N1.37 per share, while Fidelity Bank dipped by 5k to close at N1.35 per share.
Overall, investors exchanged 133.58 million shares worth N1.2 billion in 3,565 deals on Monday against 313.79 million shares valued at N2.5 billion traded in 4,235 deals on Friday.
Culled: Leadership
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