Investors' optimism pays off at NSE
Investors were today optimistic, buying and selling shares at the Nigerian Stock Exchnge (NSE), as trading resumed after the weekend on listed companies.
At the end of trading early afternoon, this optimisim paid off as their cumulative average net worth appreciating by 0.2 per cent.
Market capitalisation or the worth of all the 280 listed securities also grew by N8 billion to close at N4.288 trillion compared with the opening capitalisation of N4.280 trillion.
The all-share index also appreciated by 68.90 points to close at 33,670.41 points, up from 33,601.51 points recorded on Friday, January 5.
Conoil today led the price gainers chart, chalking up N3.27 to close at N68.77 per share.
Ashaka Cement Company gained N2.90 to close at N61.80 per share, while the West African Cement Company share price appreciated by N2.59 to close at N58.10.
On the other hand, Nestle led the price losers chart, shedding N11.50 to close at N223.50 per share.
Cadbury share price fell by N1.40 to close at N27.90 while Four Mills lost N1.30 to close at N63.50 per share.
The market sub-sector turnover showed that banking shares remained the toast of investors as 88.94 million shares worth N1.41 billion change hand in 3,727 deals.
A further breakdown of activities in the banking sub-setor showed that UBA accounted for the bulk of transactions with 20.31 million shares valued at N559.98 million in 438 deals.
The building material sub-sector followed with 6.44 million valued at N247.96 million in 404 deals, while the Conglomerates sub-sector accounted for N100.02 million staked on 5.88 milion shares in 240 deals.
In all, investors driven by the 38 per cent returns on investments recorded last year, today bought 113.48 million shares worth N2.06 billion traded in 5,734 deals.
Meanwhile, the following are the major price gainers and losers at the NSE on Monday, January 8.