Equities market index rises by 0.19%

Toyin Ajadi, Lagos

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The All share index of equity stocks on the Nigerian Stock Exchange rose by 0.19 percent on Monday as the market recorded 28 gainers  against 10 losers at the close of trade.

The index closed at 25,316.15 basis points on Monday being 48.33 basis points higher than Friday’s 25,267.82 basis points.

The Market capitalisation also rose N25 million or 0.19 percent to close at N13.19 trillion as against N13.16 trillion at the close of trade on Friday.

Market activities however waned as the volume of shares traded declined by 22.21 percent to 253.30 million as against 325.61 million units of Friday while the value of shares traded on Monday also declined by 40.94 percent to N2.64 billion.

Dangote sugar appreciated by 9.69 percent or N1.25k to close at N14.15k followed by Nigerian Breweries which gained 1.62 percent or N0.70k to close at N44.00.

Guaranty stocks also appreciated 2.29% or N0.55k to close at N24.55k.

On the flip side,Stanbic bank topped the list of losers to close at N32.50k after it lost 9.22% or N3.30k.

Flourmill Nigeria lost N4.76% or N1.00 to close at N20.00 while Fidson lost 9.71% or N0.33k to close at N3.07k on Monday.

FBN holdings dominated activity chart exchanging 41,012 million units of shares valued at N221.783 million followed by Guaranty bank with 36,172 million shares worth N887.459 million.

The marginal gains also reflected on some indices on Monday as the Banking index rose by 1.28 percent ,the consumer goods index rose by 1.13 percent and the industrial goods index gained 0.54 percent.

On the other hand,the Insurance index declined by 0.93 percent while the Oil and gas index remained flat at the close of trade on Monday.