x

NSE All-Share Index records 1.38% growth, amid buying interest in Dangote Cement

Activities on the Nigerian Stock Exchange (NSE) reopened for the week on Monday on a bullish trend with the All-Share Index crossing 27,000 mark following buying interest in Dangote Cement.

Speficially, the index which opened at 26,968.79 inched 370.89 points or 1.38 per cent to close at 27,339.68.

Also, the market capitalisation rose by N180 billion to close at N13.199 trillion in contrast with N13.019 trillion on Friday.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are Dangote Cement, Flour Mills of Nigeria, Nascon Allied Industries, Guaranty Trust Bank and Dangote Sugar.

Analysts at Afrinvest Limited stated that “following the recent trend in the market, we expect the market to continue its gaining streak this week.”

FCMB Group led the gainers’ chart in percentage terms, gaining of 10 per cent, to close at N2.09 per share.

Cornerstone Insurance followed with a gain 9.43 per cent to close at 58k, while Unity Bank went up by 8.96 per cent to close at 73k per share.

Wema Bank appreciated by 8.82 per cent to close at 74k, while Courteville increased by 8.33 per cent, to close at 26k per share.

On the other hand, PZ Cussons Nigeria led the losers’ chart in percentage terms, dropping 9.73 per cent to close at N5.10 per share.

Niger Insurance and Union Diagnostic & Clinical Services followed with a decline of 9.09 per cent each, to close at 20k respectively.

Consolidated Hallmark Insurance went down by 8.33 to close at 33k per share.

Fidson Healthcare dipped 5.56 per cent to close at N2.55, while Union Bank shed five per cent to close at N5.70 per share.

The total volume traded declined by 14.52 per cent with an exchange of 520.43 million shares worth N5.35 billion traded in 5,784 deals.

This was in contrast with a turnover of 608.86 million shares valued at N3.76 billion transacted in 6,071 deals on Friday.

Transactions in the shares of Zenith Bank topped the activity chart with 97.11 million shares worth N1.91 billion.

Universal Insurance followed with an exchange of 70 million shares worth N14 million, while United Bank for Africa traded 62.66 million shares valued at N497.65 million.

FCMB Group sold 54.86 million shares worth N109.98 million, while FBN Holdings transacted 26.39 million shares worth N182.69 million.(NAN)

Hot this week

North-Central APC Forum Backs Mutfwang, Rejects Plateau APC Leaders’ Move to Block Defection

By Israel Adamu, JosThe North-Central All Progressives Congress (APC)...

Terrorist Invade Southern Kaduna Community, Abduct 10 Residents in Kauru LGA

By Achadu Gabriel, KadunaTerrorists have again attacked Southern Kaduna,...

Super Falcons Receive N50m Cash Gift from Governor Dapo Abiodun [PHOTOS]

The Super Falcons have received a ₦50 million cash...

KADMAM-CSO Urges Transparent Use, Community Monitoring of N32.9bn Basic Health Care Fund

By Achadu Gabriel, KadunaThe Maternal Accountability Mechanism in Kaduna...

The Global Governance Initiative and the Quest for a Multipolar World

By Prof. Udenta O. UdentaThe world is changing, and...

Wednesday 29 October 2025

Serie A18:30 CET ComovVerona 18:30 CET JuventusvUdinese 18:30 CET RomavParma 20:45...

Justine Madugu Signs New Two-Year Deal as Super Falcons Coach

Super Falcons head coach Justine Madugu has confirmed that...

ATA 1–1 MIL: Match Review and Updated Serie A...

Lookman Rediscovers Scoring Form Ahead of Nigeria’s World Cup Playoff

Ademola Lookman finally ended his goal drought on Tuesday...

Principal Urges Parents to Monitor Children’s Activities to Curb Social Vices

By Noah Ocheni, LokojaThe Principal of GYB Model Science...

CHAIN Urges Federal Government to Adopt National Policy on Religious Freedom and Equal Protection

By Achadu Gabriel, KadunaThe Christian Awareness Initiative of Nigeria...

Related Articles

Popular Categories

spot_imgspot_img