Equity transactions at the Nigerian Stock Exchange, NSE, kicked off the last trading week of September on a positive note, on Monday, September 26, as lead indicators scooped 0.06 percent.
Specifically, the All Share Index gained 16.09 basis points to close at 28,263.16 points from last Friday’s closing figure of 28,247.07 points.
Despite the gain, trading activities showed investors’ sentiment turned negative as market breadth closed with 16 gainers to 23 losers.
Flourmills Nigeria Plc topped the day’s advancing stocks with a gain of 4.99 percent or N1.00 to close at N21.04 per share. Cadbury Nigeria Plc followed with a growth of 4.95 percent or 78 kobo to close at N16.53 per share, Skye Bank Plc appreciated 4.76 percent or 3 kobo respectively to close at 66 kobo per share, Champion Breweries Plc garnered4 percent or 10 kobo to close at N260 per share and Law Union Plc improved 3.64 percent or 2 kobo to close at 57 kobo per share.
On the flip side, Betaglas Plc led the day’s declining stocks for the second consecutive session losing 9.71 percent or N3.39 to close at N31.51 per share, followed by Caverton Plc that lost 9.52 percent or 10 kobo to close at 95 kobo per share, Conoil Plc fell 8.24 percent or N3.50 to close at N39 per share, Oando Plc fell 4.93 percent or 29 kobo to close at N5.59 per share and Livestock Feeds Plc depreciated 4.40 percent or 4 kobo to close at 87 kobo per share.
The financial services sector topped the day’s activity chart with Fidelity Bank emerging the most traded stock following the sale of 52 million units of shares valued at N46.8 million. Diamond Bank came second, trading 28.3 million shares worth N34 million, Access Bank sold 28.2 million units of shares amounting to N156.7 million. FCMB Plc exchanged 28.2 million shares worth N29 million and UBA Plc traded 15.3 million valued at N65 million
Market activity as measured by Volume and Value traded, settled at 249.8 million units and N2 billion respectively in 3,170 deals compared to 265.1 million units and N1.6 billion traded previous session in 3,136 deals.
