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UBA GMD, Kennedy Uzoka

Stock Market maintains growth in ASI by 0.30 per cent

UBA GMD, Kennedy Uzoka
UBA GMD, Kennedy Uzoka
Access Bank GMD, Herbert Wigwe
Access Bank GMD, Herbert Wigwe

The Nigerian Stock Exchange (NSE) All Share Index (ASI) added 7.83 points to close at 26,231.37 points compared to the growth of 21.94 points recorded on Friday to close at 26,223.54.

This reflects that equities trading on Nigeria’s stocks market on Monday sustained growth recorded on Friday as market key indices appreciated by 0.03 percent.

The market capitalization closed at N9.025 trillion following a gain of N2.7 billion in comparison to an increase of N7.5 billion on Friday when market cap closed at N9.023 trillion.

UBA topped the day’s activity chart with 41.3 million units of shares traded, worth N214.3 million, Access Bank was next with 30.9 million units valued at N216.3 million and Presco was third with 23.1 million units of shares valued at N1.02 billion.

Diamond Bank and Zenith Bank were fourth and fifth on the most traded stocks chart, trading 21.7 million and 16.04 million shares worth N23.4 and N255.9 million respectively

The price movement chart showed 19 companies recorded growth while 15 companies declined
UAC-Prop led the day’s advancing stocks by 4.86 percent to close at N3.02, Cutix followed with an increase of 4.40 percent to close at N1.66, Oando grew 3.94 percent to close at N4.75 while Wema and Diamond Bank added 3.92 and 3.85 percent each to close at 53 obo and N1.08 respectively.

On the flip side May & Baker led the day’s declining stocks, with 4.90 percent to close at 97 kobo, Honeywell Flour Mills dropped 4.84 percent to close at N1.18, Livestock feeds depreciated 4.65 percent to close at 82 kobo, Neimeth fell 4.29 percent to close at 67 kobo and Forte Oil dropped 3.94 percent to close at N63.88.
By the end of the day’s trading, investors on the Exchange had traded a total of 228.6 million units of shares amounting to N2.6 billion in 3,227 deals.

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