NSE: Stock market bullish as equities record 0.17% gain

NSE market capitalization rose to N20.612 trillion

The Nigerian Stock Exchange (NSE) recorded a 0.17 percent increase in the equities market as the All-Share Index rose by 64.96 points or 0.17 percent to close at 39,396.57 when compared with a 0.08 decrease to 39,331.61 recorded on Friday.

The market capitalisation rose by N34 billion or 0.17 per cent to close at N20.612 trillion in contrast with N20.578 trillion posted on Friday.

The total volume of transactions declined by 49.38 percent with an exchange of 297.27 million shares valued at N3.15 billion in 4,655 deals when compared to a total of 587.74 million shares worth N13.62 billion exchanged in 4,895 deals on Friday.

The market recorded 24 gainers and 14 losers

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GAINERS

LINKASSURE and ARDOVA recorded 10 percent growth to close at N0.55 and N14.85 respectively

CHAMPION followed closely with 9.52 percent to close at N1.84

OANDO up by 9.43 percent to close at N2.9 percent

MORISON up by 9.09 percent to close at N0.66 from N0.72

LOSERS

MEYER topped the losers for the day with -10.00 percent decline to close at N0.45

LIVESTOCK followed by -9.87 percent to close at N2.01

SCOA down -9.85 percent to close at N2.38

IKEJAHOTEL down -9.48 percent to close at N1.05

NEM down -6.88 percent to close at N1.76

TOP 5 TRADES

Zenith Bank topped the activity chart with 66.49 million shares valued at N1.67 billion.

FBN Holdings came second with 23.48 million shares worth N169.46 million

AXA Mansard Insurance traded 21.37 million shares valued at N20.92 million.

GUINEA INS sold 20.19 million shares worth N4.04 million

UCAP transacted 13.59 million shares valued at N64.13 million.