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NSE: Market Indices Record 0.52% Growth

By Modupe Gbadeyanka

On Monday, November 13, 2017, trading activities resumed on the floor of the Nigerian Stock Exchange (NSE) on a positive note with the major market indicators closing in the green zone.

The stock market posted a growth of 0.52 percent with the Year-to-Date (YtD) return closing at 38.84 percent.

Specifically, the All-Share Index (ASI) increased by 192 points to close at 37,312.28 points, while the market capitalisation rose by N67 billion to settle at N12.9 trillion.

Business Post reports that the stock market recorded a total of 16 price gainers and 24 price losers at the close of business on Monday.

The price losers were led by Nigerian Breweries, which went down by N4.92k to settle at N138.98k per share.

It was trailed by GTBank, which fell by N1.31k to finish at N41.69k per share, while International Breweries slumped by 45k to end at N49.55k per share.

Custodian and Allied depreciated by 18k to close at N3.72k per share, while Zenith Bank declined by 16k to settle at N24.84k per share.

On the flip side, Dangote Cement improved by N8.99k to close at N238 per share, while Forte Oil rose by              N3.87k per share to finish at N47.97k per share.

Okomu Oil appreciated by N2.99k per share to settle at N67.99k per share, GlaxoSmithKline increased by 25k to close at N25.25k per share, and NASCON increased by 14k to end at N15.40k per share.

Just like last week, the Financial Services sector maintained its position as the most active sector today, exchanging a total of 154.707 million shares worth N1.284 billion, while the Industrial Goods industry came next with 132.938 million shares traded for N27.1 billion.

At the close of business on Monday, the volume traded increased by 91.89 percent from 175.276 million to 336.335 million, while the total value of stock traded progressed by 1034.65 percent from N2.646 billion to N30.023 billion.

Dangote Cement emerged the most traded equity by volume, trading a total of 128.9 million shares valued at N27 billion.

It was followed by FBN Holdings, which sold 77.6 million shares worth N554.9 million, and Fidelity Bank exchanged 15.9 million shares at N26.8 million.

Diamond Bank transacted 14.3 million shares worth N16.5 million, while Guinness Nigeria traded 9.9 million shares valued at N1 billion.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN’s Richard Quest and Christiane Amanpour.

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