NSE market indices open week with 0.31 per cent growth

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The Nigerian Stock Exchange (NSE) opened trading for the week on Monday with a growth of 0.31 per cent.

Specifically, the market capitalisation inched N48 billion or 0.31 per cent to close at N15.304 trillion against N15.256 trillion achieved on Friday.

On market expectations this week, analysts at United Capital Plc expected interest in Tier-one banks, especially Access Bank which recently got approval for an expansion into Kenya, and key counters such as Dangote Cement, to sustain momentum in the market. Total Nigeria followed with a gain 9.35 per cent to close at N117, while Cadbury appreciated by 8.50 per cent to close at N10.85 per share.

Nestle came second with a decline of 6.12 per cent to close at N1,380, while Unity Bank dipped 5.80 per cent to close at 65k per share.

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