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NSE: Market gains N15.5bn on first trading day

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Investors at the Nigerian Stock Exchange (NSE) gained N15.5bn on the first trading day of the week.

All Share Index gained 8bps to settle at 27,950.36 points following price appreciation in DANGFLOUR(9.2%), NESTLE (0.8%) and GUARANTY (0.9%).

Investors’ wealth increased by N15.5bn to N13.6tn while YTD loss settled at 11.1%.

Also, activity level was weak as volume and value traded declined by 29.1% and 58.1% to 92.8m and N1.1bn respectively.

The most active stocks traded by volume were ZENITH (11.3m units), TRANSCORP (9.9m units) and FBNH (2.9m units) while NESTLE (N230.2m),ZENITH (N208.2m) and GUARANTY (N196.6m) led by value.

The Insurance index appreciated the most, gaining 0.6% on the back of gains in WAPIC (5.3%), AIICO (5.0%) and LASACO (5.7%).

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Similarly, the Consumer and Industrial Goods indices inched up 0.4% and 0.2% respectively due to price appreciation in DANGFLOUR (9.2%), NESTLE (0.8%), CCNN (1.3%) and CUTIX (4.0%).

On the flip side, the Oil & Gas index lost 1.3% due to sell-offs in TOTAL (10.0%) and OANDO (1.3%).

The banking index also lost 2bps, driven by sell-offs in ETI (5.3%), ACCESS (2.3%) and ZENITH (0.3%).

The AFRI-ICT index closed flat today.

The top performing stocks were CILEASING (10.0%), VITAFOAM (9.9%) and JAPAULOIL (9.5%) while the laggards were led by TOTAL (10.0%), CHAMS (7.1%) and ETI (5.3%).

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