Transactions at the Nigerian Stock Exchange, NSE, on Monday, February 27,moved northwards as lead indices of the bourse soared.
All Share Index gained o.49% to settle at at 25,373.42 points, while the market capitalization ended at N8.781 trillion.
Market breadth however closed flat with 17 gainers paired against 17 losers, Honeywell Flour Mills led the day’s 17 advancing stocks by 5 percent to close at N1.05, Seplat was next with a growth of 4.86 percent to close at N388 and UACN added 3.17 percent to close at N13.
Livestock and Guaranty came fourth and fifth on the gainers list with an appreciation of 2.67 and 2.37 percent to close at N0.77 and N24.62 per share respectively.
On the other hand, 7up led 17 stocks that declined with a loss of 6.10 percent to close at N100, followed by Nigeria Police Force Micro Finance Bank, which shed 5.08 percent to close N1.12, while Cadbury dropped 5 percent to close at N8.55. UPL depreciated 4.95 percent to close at N4.03 and Vitafoam shed 4.65 percent to close at N1.64 per share.
Zenith Bank emerged the most traded stock with 69.1 million shares valued at N1.039 billion. United Insurance followed having moved 62.3 million shares worth N31.3 million; and Cornerstone Insurance traded 22.2 million shares at N11.2 million. came fourth with the trade of 19.6 million shares valued at N95.9 million and with a transaction of 12.0 million shares worth N43.7 million United Cap claimed the position of the fifth most active equity on the Exchange on Monday.
