Business NSE Index Grows by 0.07 Percent

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LequteMan

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Transactions on the Nigerian Stock Exchange (NSE) on Monday closed flat with the market indicators recording a marginal growth of 0.07 per cent.

The NSE All-Share Index appreciated by 27.43 points or 0.07 per cent, to close at 37,898.30 points, against the 37,870.87 points achieved on Friday.

The market capitalisation, which opened at N12.100 trillion, grew by N8 billion or 0.07 per cent to close at N12.108 trillion, following marginal gains by some blue chip equities.

Conoil topped the gainers' chart with N5.27, to close at N56.75 per share.

Forte Oil followed with N5.24 to close at N110.14 per share, while CAP garnered N2.20 to close at N49.20 per share.

MRS increased by 96k to close at N42.75, while Transcorp grew by 22k to close at N2.48 per share.

Conversely, Nestle led the losers table with N5, to close at N1, 215 per share.

Julius Berger came second on the losers' chart, dipping N3.34 to close at N71.66, while Cadbury lost 81k to close at N59 per share.

Mobil share price declined by 50k to close at N115, while Dangote Flour dipped 46k to close at N9.72 per share.

Wapic Insurance emerged the most sought equity at the close of trading, with an exchange of 54.04 million shares worth N48.35 million.

FTN Cocoa trailed with an exchange of 33.19 million shares valued at N16.59 million, while Transcorp accounted for 32.06 million shares worth N79.27 million.

Sterling Bank sold a total of 14.74 million shares valued at N33.09 million, while Dangote Cement traded 10.02 million shares worth N1.85 billion.

In all, investors bought and sold 279.47 million shares valued at N3.58 billion transacted in 4,506 deals, representing an increase of 1.16 per cent.

This was in contrast with 282.75 million shares worth N6.19 billion traded in 4,496 deals on Friday.

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