NSE ASI remains upbeat, opens week 0.70% higher

The Nigerian equities market maintained an upward trajectory for the seventh consecutive session on Monday when the All-Share Index of the Nigeria Stock Exchange (NSE) appreciated by 0.70 percent.

The index grew by 182.7 points or 0.270 percent to close at 26,418.33 from 26,235.63 achieved last Friday.

Similarly, the market capitalisation, which opened at N9.069 trillion, rose by N63.2 billion or 0.70 percent to close at N9.132 trillion.

Oando led the 26 list price gainers’ table by 10.04 percent to close at N7.89 per share.

7up followed with a gain of 9.72 percent to close at N103.89, while Continental Re-insurance gained 9.40 percent to close at N1.28 per share.

AIICO rose by 7.55 percent to close at 57 kobo, while Fidson garnered 6.33 percent to close at N1.68 per share.

On the other hand, Champion Breweries topped the day’s 12 losers’, shedding 4.67 percent to close at N2.04 per share.

Jaiz Bank lost 4.55 percent to close at N1.05, while Africa Prudential Registrars shed 3.35 percent to close at N2.60 per share.

Dangote Flourmills dipped 2.33 percent to close at N4.20, while Cement Company of Northern Nigeria (CCNN) declined by 1.96 percent to close at N4.51 per share.

Oando remained the toast of investors, accounting for 47.5 million shares worth N374.6 million.

Zenith Bank exchanged 30.4 million shares valued at N489.2 million, while Guaranty traded 27.3 million shares worth N737.2 million.

Diamond Bank sold 19.9 million shares worth N17.0 million and FBN Holdings exchanged 17.6 million shares valued at N62.4 million.

In all, investors staked N3.3 billion on 267.6million shares in 3,907 deals against N2.96 billion on 442.83 million shares traded in 4,220 deals in previous session.