Market rises by 0.27% as bull sustains dominance

Trading activities on the Nigerian Stock Exchange resumed on Monday on a positive note with the All-Share Index improving by 0.27 per cent.
The index rose by 100. 28 points or 0.27 per cent to close at 37,525.38 against 37,425.15 achieved on Friday even as the market capitalisation recorded a gain of N34 billion or 0.26 per cent to close at N12.933 trillion compared with N12.899 trillion with the market closed on Friday.
Nestle led the gainers, increasing by N33.58 to close at N1,060 per share; Nigerian Breweries followed with a gain of N5.35 to close at N181 and Mobil Oil garnered N4.90 to close at N236.90 per share.
7UP appreciated by N2.70 to close at N74.70, while Lafarge Africa increased by N1 to close at N60 per share.
On the other hand Okomu Oil recorded the highest loss for the day as it was marked down by N2.23 to close at N70 per share. Dangote Cement trailed with a loss of N1.21 to close at N240.79, while Unilever declined by 90k to close at N40.40 per share.
Forte Oil depreciated by 83k to close at N59.54 and UACN shed 55k to close at N16.95 per share.
A breakdown of the activity chart showed that Access Bank was the most traded equity, trading 46.29 million shares worth N464.54 million.
Zenith International Bank came second with an exchange of 29.57 million shares valued at N746.16 million, while Guaranty Trust Bank traded 25.54 million shares worth N1.02 billion while United Bank for Africa (UBA) exchanged 15.95 million shares valued at N154.67 million and FBN Holdings sold 14.34 million shares worth N89.58 million.
However, the volume of shares traded dropped by 50.63 per cent as investors staked N5.79 billion on 254.49 million shares transacted in 4,600 deals which was in contrast with a turnover of 515.48 million shares valued at N6.30 billion exchanged in 4,132 deals on Friday.