Skip to main content

Advertisement

Stock market opens week with N99 billion growth

By

The NSE All-Share Index grew by 188.50 points or 0.72 per cent to close at 26,507.84.

The Nigerian Stock Exchange (NSE) resumed trading on Monday with a growth of N99 billion following gains by some blue chips.

Specifically, the market capitalisation which opened at N13.754 trillion inched higher by N99 billion or 0.72 per cent to close at N13.853 trillion.

Also, the NSE All-Share Index grew by 188.50 points or 0.72 per cent to close at 26,507.84 compared with 26,319.34 achieved on Friday.

The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Total, MTN Nigeria Communications, Okomu Oil, BUA Cement and Lafarge Africa.

Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., attributed the rally to investors reactions to the aftermath of the Monetary Policy Committee meeting.

Omordion said that investors were moving their funds to the equities market due to declining returns in the fixed income securities.

Market sentiment remained positive with 22 stocks gainers against seven losers.

Total dominated the gainers' chart in percentage terms, gaining 10 per cent to close at N88 per share.

Champion Breweries followed with 9.88 per cent to close at 89k, while Oando rose by 9.85 per cent to close at N2.23 per share.

AIICO Insurance rose by 9.72 per cent to close at 79k, while Consolidated Hallmark Insurance appreciated by 8.82 per cent to close at 37k per share.

Conversely, UACN Property Development led the losers' chart in percentage terms, losing 10 per cent to close at 90k per share.

University Press followed with a loss of 6.34 per cent to close at N1.33, while Caverton lost 5.98 per cent to close at N1.73 per share.

May and Baker Nigeria lost 5.54 per cent to close at N2.90, while Wema Bank shed 3.64 per cent to close at 53 kobo, per share.

Also, the total volume of shares traded improved marginally with an exchange of 336.83 million shares worth N4.029 billion traded in 4,602 deals.

This was in contrast with a turnover of 335.75 million shares valued at N4.28 billion transacted in 4,231 deals on Friday.

Transactions in the shares of Zenith Bank topped the activity chart with 89.51 million shares worth N1.55 billion.

Sterling Bank sold 72.26 million shares valued at N85.30 million, while United Bank for Africa traded 42.35 million shares valued at N258.98 million.

FCMB Group accounted for 27.85 million shares worth N58.39 million, while Guaranty Trust Bank transacted 14.66 million shares valued at N396.22 million.

Labels:

Comments

Post a Comment

Facebook

Ads

Popular posts from this blog

Here's Why CBS' 'Clarice' Television Series Can't Mention Hannibal Lecter

By
Clarice is a new series coming to CBS in just a few months that will continue The Silence of the Lambs franchise. However, there’s one thing that the television series can’t do, and that’s mention anything about Hannibal Lecter. According to executive producer Alex Kurtzman , who spoke with Entertainment Weekly , the series can’t do this because the rights to author Thomas Harris ’ characters are actually divided between MGM and the Dino De Laurentiis Company. READ : CBS ‘Silence of the Lambs’ Sequel Series Finds Its Clarice! But, the CBS show will have all the other characters mentioned in the book, like Clarice Starling, her colleague Ardelia Mapp, Deputy Assistant Attorney General Paul Krendler, the late serial killer Buffalo Bill, and a few others. “I’m still trying to understand how the rights are divided,” Alex shared with the magazine about the legality of it all, but he’s okay with that too. Turns out that not having access to Hannibal hasn’t been limiting. “It’s bee...
Post a Comment
Read more

Jay Z Takes Aim at Donald Trump, Donald Sterling on Van Jones Show

By
Jay Z Takes Aim at 2 Donalds -- Trump and Sterling 1/28/2018 7:03 AM PST Jay Z thinks it was a huge setback for race relations when Donald Sterling was booted as owner of the Los Angeles Clippers because of his racist comments ... because it sends racists the wrong message. Jay appeared on Van Jones ' news CNN show Saturday night and explained his thoughts ... that when Sterling was thrown out of the franchise, it sent a message to racists to just continue that hateful thoughts, comments and actions on the QT.  Jay Z said, "Once you do that (boot him from the franchise), all the other closet racists just run back in the hole.  You haven't fixed anything.  What you've done was spray perfume on a trash can." [embedded content] The mogul also took aim at Trump in an interesting way, saying even if the African American community is benefiting economically now, saying, "Treat me really bad and pay me well.  It's not going to lead to happiness ... Ev...
Post a Comment
Read more

Secondus Lash Back On Buhari, Says Nigeria’s Youth Are Not Lazy

By
By Kenneth Orusi, The Ngerian Voice,i Asaba National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus has replied President Muhammadu Buhari, that the country’s youths are not lazy. “Our youths are not lazy at all, our youths are leaders of tomorrow, they are resourceful and they are intelligent”, he stressed. The PDP National chairman stated this Saturday in Asaba during a grand reception organized in honour of the Delta State governor, Ifeanyi Okowa, by the Anioma Nation, at the Cenotaph. Secondus assured Nigerians that the PDP had learnt their lessons and would not disappoint them come 2019, “this is a new PDP and by the special grace of God, we will regain our lost grounds, no amount of intimidation, no amount of blackmail will stop Nigerians for voting PDP in 2019 and the PDP is set to take over”. He said that the ruling All Progressives Congress (APC), at the centre “is a sinking ship, for the interest of this country, we sympathize with our people i...
Post a Comment
Read more