NSE Index Soars 1.43% As Equity Trading Maintains Upward Trajectory

Trading activities on the floor of the Nigerian Stock Exchange, NSE, continued its movement North on Monday, May 16 following the performance of highly capitalized  stocks.

The All-Share Index leaped by 377.74 points or per cent to close at 26,818.77 points against 26,441.03 on Friday, May 13.

Nigerian Breweries led the gainers’ table with a gain of N5.05 to close at N123 per share. Total garnered N5 to close at N175, while Guinness increased by N4.75 to close at N99.75 per share.

Lafarge Africa gained N2.80 to close at N74 and Dangote cement grew by N2.10 to close at N167.10 per share.

On the other hand, MRS Oil recorded the highest loss to lead the losers’ table, decreasing N3.94 to close at N36.53 per share.

UNILEVER came second with a loss of N1.65 to close at N34.35, while G Cappa lost 72k to close at N13.74 per share.

VITAFOAM shed 52k to close at N4.90 and ETI dropped 50k to close at N14.56 per share.

Access Bank was the toast of investors’ in terms of volume of shares traded, accounting for N48.61 million shares valued at N240.87 billion.

UBA trailed with an exchange of 40.98 million shares worth N155.95 million and Transcorp sold 34.76 million shares valued at N44.79 million.

Fidelity Bank traded 29.83 million shares worth N38.59 million and FBN Holdings exchanged 23.73 million shares valued at N87.04 million.