Market indicators Appreciate marginally

The equities section of the Nigerian Stock Exchange on Monday closed higher, although slightly, with the foremost indicators edging higher.

The NSE All Share Index rose by 0.01% to close at 39,564.43 basis points in contrast to a 1.73% appreciation on Friday, which saw it leap from 38,885.93 points to 39,558.89 points. Also, the market capitalisation of the listed equities scaled from 0.01% to 1.73%.

A review of the sectoral indices showed that the NSE Consumer Goods Index rose the highest on Monday. It gained 8.66 basis points to close at 1,016.44 basis points.

On the other hand, the NSE Insurance Index put in the worst performance with a 1.89 basis points decline to close at 144.78 basis points.

In all, investors traded 239.864 million shares worth N2.442bn in 4,352 deals on Monday.