NSE inches up by N2.7bn

Nigerian Stock Exchange (NSE) appreciated marginally by N2.7 billion on Monday as investors’ appetite waned over uncertainty surrounding the Central Bank of Nigeria (CBN Monetary Policy Committee (MPC) meeting that commenced today.

The market capitalization closed on the day at N9.025 trillion after adding N2.7 billion, from N9.023 trillion it closed on Friday.

Major market indicator, All-Share Index (ASI) added 7.83 basis points to close at 26,231.37 basis points from Friday’s closing figure of 26,223.54 basis points.

The price movement chart showed 19 companies recorded growth while 15 companies declined

UAC-Prop led the day’s advancing stocks by 4.86 per cent to close at N3.02, Cutix followed with an increase of 4.40 per cent to close at N1.66, Oando grew 3.94 per cent to close at N4.75 while Wema and Diamond Bank added 3.92 per cent and 3.85 per cent each to close at 53 obo and N1.08 respectively.

On the flip side, May & Baker led the day’s declining stocks, with 4.90 per cent to close at 97 kobo, Honeywell Flour Mills dropped 4.84 per cent to close at N1.18, Livestock feeds depreciated 4.65 per cent to close at 82 kobo, Neimeth fell 4.29 per cent to close at 67 kobo and Forte Oil dropped 3.94 per cent to close at N63.88.

By the end of the day’s trading, investors on the Exchange had traded a total of 228.6 million units of shares amounting to N2.6 billion in 3,227 deals.

Topping the day’s activity chart was UBA with 41.3 million units of shares traded, worth N214.3 million, Access Bank was next with 30.9 million units valued at N216.3 million and Presco was third with 23.1 million units of shares valued at N1.02 billion.

Diamond Bank and Zenith Bank were fourth and fifth on the most traded stocks chart, trading 21.7 million and 16.04 million shares worth N23.4 and N255.9 million respectively.