Nigeria stocks close higher

Transactions on the Nigerian Stock Exchange (NSE) re-opened, on Monday, on a positive trend as some blue chips recorded huge price gains.

The All Share Index, which opened at 28,538.05 appreciated by 448.14 points or 1.6 per cent to close at 28,986.19.

Similarly, the market capitalisation grew by N143 billion or 1.6 per cent to close at N9.264 trillion as against the N9.121 trillion recorded on Friday.

NewGold recorded the highest price gain of N15 to close at N2,510 per unit. Total trailed with N6.02 to close at N126.59 per share, while Guinness and 7UP grew by N3 each to close at N276 and N45 respectively.

OkomuOil appreciated by N2.23 to close at N46.85 per share.

On the other hand, Lafarge Wapco led the losers’ chart with a loss of N4 to close at N54 per share.

Betaglass followed with 52k loss to close at N9.98 per share, while Pharma-Deko Plc dipped by 12k to close. Mayer & Baker lost 7k to close at N1.63 per share, while Neimeth depreciated by 5k to close at 95k.

Investors exchanged 457.72 million shares worth N3 billion in 5,826 deals. This is against the 233.81 million shares valued at N1.6 billion traded in 2,875 deals on Friday.