Nigerian Breweries leads gainers at NSE

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Equity transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday on the upbeat note with the market indices growing by 0.87 per cent.

The All-Shares Index rose by 344.04 basis points or 0.87 per cent to close higher at 39,906.79 against the 39,562.75 achieved on Friday. Similarly, the market capitalisation, which opened at N12.660 trillion, appreciated by N111 billion or 0.87 per cent to close at N12.771 trillion.

Nigerian Breweries recorded the highest price gain of N3.50 to close at N165 per share. It was followed by Glaxosmith with a gain of N3.12 to close at N65.62 per share.

Dangote Cement appreciated by N1.80 to close at N212.80, while Oando gained N1.22 to close at N17.64 per share.

Conversely, Guinness topped the losers’ chart, losing N4.01 to close at N236 per share. Cadbury trailed with a loss of N1.60 to close at N60.88 per share.

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International Breweries depreciated by N1 to close at N29, while Etranzact lost 13k to close at N2.56 per share.

However, the volume of shares traded declined by 58.51 per cent with 289.980 million shares worth N2.138 billion traded in 3,952 deals. This was in contrast to the 698.899 million shares valued at N4.913 billion traded in 4,478 deals on Friday.

Transcorp emerged the most traded stock with 50.67 million shares valued at N204.93 million. It was followed by Unity Bank with 44.67 million shares valued at N22.80, while Wapic traded 31.95 million shares worth N30.87 million.

FCMB sold 25.77 million share valued at N83.83 million, while Japaul Oil accounted for 21.32 million shares worth N6.17 million.