NSE Equities Increases by 0.23%

Equities in the Nigerian Stock Exchange started the week on a positive note as major indicators increased as equities halt a two-day drop.

The NSE All-Share Index rose by 0.23% or 97.78 basis points to close at 42,930.60 basis points.

The market capitalization of the listed equities also increased by 0.23% or N32bn on Monday to close at N14.175tn, up from N14.143tn in the previous session.

Closing at 1,950.39 basis points, the NSE30 Index which tracks the performance of the top 30 companies in terms of market capitalization and liquidity rose by 0.24% or 4.7 basis points.

The activity chart was led by the banking sub-sector, accounting for 37.4% of total turnover traded for the day.

175,233 million shares worth N1.303bn were traded in 1,688 deals in the subsector.

Volume was driven by trading in the shares of Unity Bank Plc, Wema Bank Plc, Guaranty Trust Bank Plc and Access Bank Plc. United Bank for Africa and Zenith International Bank Plc also recorded high turnover.

In all, 27 equities recorded price appreciation by exchanging 468.559 million equities valued at N6.2bn in 5,502 deals, while 28 others recorded price depreciation.

The gainers were led by Wapic Insurance Plc, rising by 5.81% or 5kobo to close at 91 kobo per share.

It was followed by Ashaka Cement Plc and Caverton Offshore Support Group, which gained 4.98% and 4.95% to close at N34.17 and N6.79 per share, respectively.

On the other hand, the losers were led by Eterna Plc, shedding 4.49% or 20 kobo to close at N4.25 per share.

Also falling were ABC Transport Company Plc and Costain (West Africa) Plc by 4.44% and 4.38% to close at 0.86%and 1.31%, respectively. Portland Paints and Products Nigeria Plc declined by 4.09% or 21 kobo to close at N4.92 per share.

According to the NSE, the most actively traded stocks for the day are FBN Holdings Plc, Unity Bank, Wema Bank, Transnational Corporation of Nigeria Plc and Guaranty Trust Bank.