NSE-ASI up 0.06% as Total, Nigeria Breweries and Flour Mills lead gainers

The equities market closed in the green on Monday with 16 companies reporting gains led by oil and gas sector player Total Nigeria Plc. (+1.44 percent, N4.25). In terms of volume and value of trading, a turnover of 249.7 million shares worth 1.959 billion was transacted in 3,170 deals.

The NSE-ASI and market capitalization gained 0.06% to close at 28,263.16 and N9.708 trillion respectively, with the climb primarily ascribed to Total (+1.44 percent, N4.25), Nigerian Breweries (+1.03%, N1.48), FlourMill (+4.99, N1), Cadbury (+4.95 percent, N0.78) and Dangote Cement (+0.26 percent, N0.47).  At the close of business 16 equities appreciated while 12 remained unchanged.

Further analysis of trading activities revealed that the financial service industry (volume) led the activity chart, occupying the top five positions with 152.034 million shares valued a t N331.460 million. This was made up of Fidelity Bank Plc., Diamond Bank Plc., Access Bank Plc., FCMB Holdings Plc. and United Bank for Africa Plc.

On the decliners’ chart, 7-Up posted the greatest decline (-3.63 percent, N45.45) followed by Conoil (-8.24 percent, N3.5, Betaglass (-9.71 percent, N3.39), Forte Oil (-1.29 percent, N2.11) and Oando (-4.93 percent, N0.29).

Insight into analysis by sector (top active) shows, Oando leading oil & gas with a volume of 3.586 million shares traded, Dangote Cement with 1.229 million in industrial goods, Fidelity Bank with 52.009 million under financial services and PZ Cussons with 3.610 million under consumer goods.

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