Equity transactions on the Nigerian Stock Exchange (NSE) re-opened on a positive note on Monday as investors showed renewed interest in banking stocks.
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The News Agency of Nigerian (NAN) reports that the high interest the investors showed in banks’ stocks impacted significantly on the All-Share Index and market capitalisation.
Following the development, the All-share Index grew by 0.15 per cent to close at 23,273.56 points, up from the 23,239.02 points recorded on Friday.
Also, the market capitalisation of? listed securities rose by N11 billion to close at N7.407trillion, a jump from N7.396 trillion on Friday.
The banking sub-sector dominated activities, as 142.12 million shares worth N1.3 billion were traded in 1,847 deals.
First Bank was the toast of investors with 29.19 million shares valued at 357.45 million traded in 490 deals.
Zenith bank came second with 18.47 million shares valued at N277.18 traded in 191 deals.
NewGold recorded the highest share price growth with N9 to close at N2,499 per unit.
Nigerian Breweries followed with N1 to close at N120 per share, while LafargeWapco grew by 50k to close at N43.50 per share.
Union Bank of Nigeria also appreciated with 24k to close at N5.12 per share, while Cadbury gained 19k to close at N15.25 per share.
On the other hand, International breweries led the losers’ chart with 28k to close at N6.07per share.
Dangote Flour trailed with 26k to close at N6.25 per share; Eternal Oil and ETI shed 13k each to close at N2.55 and N10.20 per share respectively.
Diamond Bank lost 10k to close at N2.61 per share.
Overall, investors bought 209.75 million shares worth N1.6 billion in 3,309 deals compared with 192.69 million shares valued at N1.5 billion traded in 3,408 deals on Friday. (NAN)