Access Bank was the most traded stock.

The Nigerian Stock Exchange (NSE) has announced that it will discontinue the old trade notification system, Trade Alert, and introduce a fresh notification system known as X-Alert to all its investors in March 2014.

Oscar Onyema, Chief Executive Officer, Nigerian Stock Exchange, said the X-Alert is a new and improved notification system which will provide investors with details of transactions on an investment account via a Text Message on the recipient’s mobile phone or via an e-mail to the recipient’s box.

“The service which will allow the investing public know when a transaction has been made on their account, will be run in-house on behalf of The Exchange by the Central Securities Clearing System (CSCS) with reduced cost implications to both buyers and sellers in the Nigerian Capital Market” he said.

“In addition to paying a lot less for transactions, customers will have updated positions of their accounts at any point in time as this new system offers convenient and easy monitoring of all accounts. There are also the added benefits of effective fraud alert in cases of unauthorised transactions on account, reduction in time spent confirming trades and an enhancement of transparency between the trader and its clients” he added.

The Stock Exchange has been making varying changes to meet its 21st Century Technology Strategies. Recently, it rolled out its new generation Trading Platform, X-Gen, which supports the FIX protocol. According to the Exchange, X-Gen is expected to open up an unprecedented level of innovative trading capabilities for the market, providing low latency trading, straight-through processing from broker order management systems to the Exchange and direct market access for the buy-side and mobile access through smartphones to the retail investors, leveraging on the 120 million mobile phone penetration already in the country.

Meanwhile, Guinness topped the losers chart after Monday’s trading on the Nigerian Stock Exchange with a N6.29 share price loss. The firm’s share price closed at N162.61 down from N168.90. The firm was followed by Cadbury, which lost N4.53, closing at N86.25 down from N90.78 before transactions. UAC-PROP lost N0.40 and closed at N19.60 down from N20.00. Access Bank also lost N0.27 and closed at N7.64, down from N7.91 while Dangote Flour’s share price closed at N9.26 down from N9.50, losing N0.24, after the day’s trading session.

Dangote Cement topped the gainers chart, gaining N2.40 at the close of the day’s transactions as its share price rose from N235.00 to N237.40. It was followed by Nigerian Breweries, which gained N0.93 closing at N145.95, up from N145.00.

Dangote Sugar was third on the top five gainers chart, recording a N0.85 share price gain, as it closed at N11.59, up from N10.74. Zenith Bank came fourth, recording a share price gain of N0.65 and closed at N20.55 from N19.90. FBNH also gained N0.59 and closed at N12.58 from N11.99 before trading.

The value of transactions after trading stood at 3.112 billion, recorded in 5, 078 deals. The volume of transactions stood at 337.30 million after the day’s transactions. The Exchange’s market capitalisation also stood at 12.43 trillion while the Exchange’s All Share Index (ASI) stood at 38, 707.14 after the day’s trading.

Access Bank led the most traded shares chart, trading a volume of 56.7 million shares valued at N437, 118 million. FBNH also made the chart, trading 27.95 million shares valued at N344.852 million. Guaranty Trust Bank came third, trading 296.09 million shares valued at N621.322 million. AFRIPRUD traded 25. 778 million shares valued at N96.89 million while UBCAP traded 25.061 million shares valued at N63.577 million.