Equity transaction at the Nigerian Stock Market took on a positive outlook on Monday, August 15, as firms like Nestle Nig. Plc, Dangote Cement Plc. and nine other companies gained a collective N24billion to close market yesterday.
Market benchmark index surged by 0.26 per cent as market capitalisation closed higher at N9.382trn, and the All-Share Index at 27,316.52 absolute points after it gained 69.64 points.
Top on the gainers list were Nestle Plc, gaining N5.02 kobo to close at N825.02 per share; Dangote Cement Plc with N2.99 kobo gain to close at N183 per share and the Nigerian Breweries Plc appreciating N2.42 kobo to end the session at N132.92 kobo.
Other gaining stocks included the Nigerian Breweries Plc, Unilever Plc, Wapco Plc, total Plc and Cadbury Plc.
Similarly, market turnover closed on the green territory as volume and value traded increased by 12.04 per cent and 54.29 per cent respectively, compared with the previous record.
Similarly, market turnover closed on the green territory as volume and value traded increased by 12.04 per cent and 54.29 per cent respectively, compared with the previous record.
Conversely, the losers’ chart was led by the Forte Oil Plc, losing N8.28 kobo to close at N161.30 kobo per share, SEPLAT Nigeria Plc, shedding N2 the Guinness Nigeria Plc that lost N1.50 kobo to close at N240 and N93.50 kobo per share respectively.
At the end of trading, investors on the 57 stocks exchanged 213.637m shares valued at N2.049 in 3,742 trades as against 190.679m shares worth N1.328bn they traded previously in N2,978 deals.
According to Charles Fakrogha, the chief communication officer at Foresight Securities and Investment Ltd, rally by investors on the eleven gaining stocks had helped the market to regain strength with renewed enthusiasm to commence the week, though, 37 seven declining stocks and nine unchanged ones emerged at the end of the trading session.
