Equities market up by 0.12% as market opens week positive

The equities segment of the Nigerian Stock Exchange (NSE) opens positive on Monday when major market indicators, the All Share Index and market capitalisation appreciated by 0.12 per cent respectively.
The All-Share Index closed at 25,485.17 basis points after it added 30.24 basis points or 0.12 per cent from 25,454.93 basis points it closed on Friday, while market capitalisation appreciated by N11.1 billion, to close at N8.818 trillion from N8.807 trillion it opened this week.
7Up Bottling Company, led the gainers’ table when it added by 399 kobo to close at N80.00 per share, followed by Unilever Nigeria, which added 160 kobo to close at N33.9 per share, Pz Cussons gained 60 kobo to close at N14.59 per share, Stanbic Bank grabbed 29 kobo to close at N18.00 per share, while United Bank for Africa recorded 11 kobo to close at N5.5 per share, among others.
WAPCO, led decliners’ table when it went down by 111kobo to close at N39.9 per share, followed by Econbank Transnational Incorporated which slipped by 18 kobo to close at N9.00 per share, Champion Breweries dropped 12 kobo to close at N2.28 per share, Forte Oil lost 4 kobo to close at N44.96 per share, while United Capital Insurance depreciated by 4 kobo to close at N2.66 per share, among others.
Standard Trust Insurance Company emerged the most traded equity Monday with an exchange of 333.552 million shares worth N166.776 million. Followed by Zenith Bank having accounted for 52.911 million shares valued at N724.577 million, Fidelity Bank exchanged 37.904 million shares valued at N29.915 million; Stanbic Bank recorded 23.145 million shares valued at N407.928 million while Guaranty Trust Bank traded 18.406 million shares worth N487.359 million.
A total of 561 million shares worth N2.473 billion in 3,032 deals exchanged hands on Monday.