16 June 2015, Lagos – The Nigerian Stock Exchange All-Share Index rose on Monday after investors exchanged 229.724 million shares valued at N4.850bn in 3,482 deals.
Monday’s performance means that the index has appreciated in the last three straight sessions, following a string of negative performances.
The market capitalisation of the listed equities also rose by 0.3 per cent or N34bn to close at N11.510tn, as against the 0.19 per cent gain it recorded on Friday to close at N11.467tn.
Apart from the NSE ASI and market capitalisation, four NSE indices closed higher on Monday, while three others closed lower with the NSE Alternative Securities Market Index remaining unchanged at 1,211.52 basis points.
The NSE Oil and Gas Index outperformed the indices as it rose by 1.01 per cent to close at 367.10 basis points.
The NSE Consumer Goods Index was up by 0.35 per cent to close at 856.54 basis points, while the NSE 30 Index and the NSE Industrial Index gained 0.27 per cent and 0.15 per cent to close at 1,539.99 basis points and 2,230.96 basis points, respectively.
Of the three indices that declined on Monday, the NSE Lotus Islamic Index was the worst hit. It fell by 0.32 per cent from 2,224.22 basis points to 2,216.96 basis points.
The NSE Insurance Index depreciated by 0.23 per cent from 144.85 basis points to 144.51 basis points, while the NSE Banking Index was down by 0.17 per cent from 372.67 basis points to 372.04 basis points.
The banking sub-sector led the activity chart, accounting for 65.88 per cent of the total turnover volume traded.
In the sub-sector, 151.350 million shares worth N1.354bn were traded in 1,253 deals with Access Bank Plc, Zenith Bank Plc and Guaranty Trust Bank Plc driving volume.
Twenty-four stocks recorded gains, while 21 stocks made losses on Monday.