Nigerian bourse maintains bullish run, up 0.51%

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The bullish run on the Nigerian equities market continued on Monday when the two main market indicators, the All Share Index and Market Capitalisation appreciated by 0.51 per cent each.

The All Share Index appreciated by 220.10 basis points or 0.51 per cent when it closed at 43,119.00 points as against 42,898.90 points recorded at the close of trading on Friday while market capitalisation grabbed N78.847 billion or 0.51 per cent to close at N15.447 trillion from N15.368 trillion recorded at the weekend.

Transnational Corporation emerged the most traded equity on Monday with an exchange of 193.900 million shares worth N400.079 million.  It was trailed by Diamond Bank having accounted for 85.661 million shares valued at N221.862 million, while First City Monument Bank recorded 57.574 million shares worth N157.895 million; Fidelity Bank exchanged 55.853 million shares valued at N179.742 million while Access Bank traded 35.309 million shares worth N414.246 million.

In all a total of 730.618 million shares, valued at N6.301 billion were traded in 7.964 deals at the close of trading on Monday.

International Breweries led the gainers’ table on Monday when it appreciated by 300 kobo to close at N63.00 per share, followed by building materials ‘major, Dangote Cement which added 300 kobo to its share price to close at N255.00 per share, while Guaranty Trust Bank nicked 100 kobo to close at N50.10 per share. PZ Cussons increased by 110 kobo to close at N23.99 per share, while the share price of Zenith Bank gained 74 kobo to close trading at N32.00 per share, among others.

On the flip side, Lafarge Cement WAPCO led the decliners’ table when it went down by 284 kobo to close at N54.06 per share, followed by Forte Oil which shed 247 kobo to close at N50.15 per share, Nigerian Breweries dropped 197 kobo to close at N149.08 per share, Flour Mills of Nigeria lost 135 kobo to close at N30.00 per share, while Dangote Sugar Refinery depreciated by 97 kobo to close at N20.30 per share, among others.

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