Nigerian bourse opens the week positive, adding 0.14%

The Nigeria bourse appreciated by 0.14 per cent as the market capitalization rose from N22.54 trillion to N22.57 trillion at the close on transactions on Monday.

The market All-Share Index rose by 60.86 basis points to close at 43,260.13 from 43,199.27 with which the market closed on Friday last week.

A total of 2.40 billion shares valued at N16.46 billion were transacted in 4,811 deals on Monday, as against 199.51 million shares worth N3.25 billion that exchanged hands in 3,917 deals on Friday.

Honeywell Flour topped the gainers’ chat by adding N0.33kobo to close the day trading at N3.72 kobo from its opening value of N3.39kobo per share. It was followed by NEM’s share price which rose by 0.15 per cent to move from N1.90 kobo per share to N2.05.

First Bank’s share price rose by N0.75 kobo to close the day trading at N12.30 kobo from N11.55kobo per share it opened the day trading with.

Oando added N0.29kobo to its opening value of N4.86 kobo to close at N5.15kobo per share, even as Champion Breweries’ share price also rose by N0.10kobo to move from N2.61kobo to N2.71kobo per share.

On the other side, TIP led the losers’ chart after shedding 9.76 per cent to drop from N0.41kobo to N0.37kobo per share. It was followed by UPDC’s share price declined from N1.54kobo to N1.39kobo per share after losing N0.15kobo in its share price.

FTN Cocoa dropped in value from N0.44kobo to N0.40kobo per share after losing 9.09 percent from its share price during the day trading.

Japaul Gold’s share price dropped by 4.88 per cent to end trading at N0.39kobo from N0.41kobo per share, while Universal Insurance dropped 4.76 per cent in share price to end the day trading at N0.20 kobo from N0.21kobo per share.

Oando led the active chat  with 1.97 billion shares worth N11.83 billion, to be followed by Mutual Benefit  which  traded 133.97 million with the attached valued  of N32.59 million.

First Bank was next with 88.65 million shares traded at a cost of N1.07 billion, as GTCO reported 43.15 million shares worth N1.10 billion while Sterling Bank recorded over 25.49 million traded shares at a value of N37.74 million.