NSE begins March with N69bn growth


Activities on the Nigerian Stock Exchange (NSE) started the week on a positive note, following uptick in BUA Cement, Zenith Bank and UBA.

The market capitalization increased by N65 billion or 0.33 per cent to close at N20.892 trillion from N20.823 trillion posted on Friday.

Also, the NSE All-Share Index which opened the month of March at 39,799.89 rose by 131.74 points or 0.33 per cent to close at 39,931.63.

Consequently, the month-to-date return settled at 0.3 per cent, while the year-to-date loss moderated to 0.8 per cent.

AIICO Insurance followed with 5.22 per cent to close at N1.21, while Veritas Kapital Assurance rose by five per cent to close at 21k per share.

BUA Cement rose by 3.82 per cent to close at N74.75, while Neimeth International Pharmaceuticals appreciated by 2.73 per cent to close at N1.88 per share.

On the other hand, NASCON led the losers’ chart in percentage terms, losing 9.97 per cent to close at N14.45 per share.

Champion Breweries followed with 9.92 per cent to close at N2.27, while PZ Cussons shed 9.43 per cent to close at N4.80 per share.
Also, the total volume of trades increased by 7.2 per cent to 543.99 million shares valued at N1.89 billion exchanged in 4,673 deals.

This was in contrast with a total of 507.25 million shares worth N2.44 billion traded in 4,465 deals on Friday.

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