The rally in the equities segment of the Nigerian Stock Exchange, continued on Monday, with major indices closing positive.
The market capitalisation of the listed equities gained N48bn or 0.6 per cent from N8.522tn last Friday, to close at N8.570tn.
Similarly, the NSE’s All-Share Index was up by 150.37 basis points or 0.6 per cent to close at 26,822.09 points, up from 26,671.72 points recorded at the end of last week.
The NSE-30 Index rose by 0.6 per cent or 8.25 basis points from 1,266.48 basis points to close at 1,274.73 points, while the consumer goods index gained 0.9 per cent or 8.03 basis points to close at 814.08 points.
A total of 30 stocks recorded price appreciation, while 11 stocks lost.
Skye Bank Plc gained the highest, rising by 5.26 per cent or 21 kobo to close at N4.20 per share.
NCR Plc, followed with a gain of 4.94 per cent or 0.71 kobo to close at N15.08 per share. Cadbury Nigeria Plc and University Press Plc gained 4.5 per cent each to close at N29.80 and N4.60 per share each.
Eternal Plc, Diamond Bank Plc, United Bank for Africa Plc and Custodian Insurance Plc gained above four per cent each to close at N1.65, N4.76, N4.75 and N1.29 per share respectively.
On the other hand, DN Meyer Plc recorded the highest loss for the day, shedding 10 per cent or 28 kobo to close at N2.52 per share.
Aiico Plc lost 9.1 per cent or six kobo to close at 60 kobo per share, while Morison Plc and Transnational Incorporated Plc fell by 4.9 per cent and 4.2 per cent to close at N3.84 and 91 kobo per share in that order.
The insurance sub-sector displaced the banking sector to lead on the activity chart, as trading in the sub-sector accounted for 53 per cent of total volume traded on Monday.
In the sub-sector, investors exchanged 234.136 million shares, worth N118m in 124 deals.
Turnover in the sub-sector was driven by trading in the shares of Linkage Assurance Plc, NEM Insurance Plc and Aiico Insurance.
In all, investors staked N2.201bn on 443.82 million shares, in 4,042 transactions.
Source: Punch (written by Udeme Ekwere)
