Nigerian Stock Exchange
Despite price losses that outweighed gains, equity transactions on the trading floor of the Nigerian Stock Exchange (NSE), closed upbeat yesterday, following price gains recorded by major highly capitalised stocks, as the All-share index increased marginally by 0.03 per cent.
Yesterday, the All-share index rose by 10.64 points or 0.03 per cent from 38,913.99 recorded on Monday to 38,924.63, while market capitalisation increased by N4billion from N13.552trillion to N13.556trillion.
About 21 stocks appreciated in price with Guinness topping the gainers’ chart with 1.35 kobo to close at N94.05 per share, while Dangote Sugar Refinery followed with 0.81 kobo to close at N21.50 per share.
National Salt Company of Nigeria added 0.76 kobo to close at N19.50 per share. Union Bank gained 0.72 kobo to close at N7.91 per share. Berger appreciated by 0.36 kobo to close at N7.71 per share.
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Dangote Flourmills added 0.34 kobo to close at N12.00 per share. Nigerian Breweries garnered 0.32 kobo to close at N143.32 per share. UACN appreciated by 0.30 kobo to close at N17.00 per share. Guaranty Trust Bank gained 0.25 kobo to close at N41.90 per share. FBN Holdings added 0.19 kobo to close at N9.29 per share. Eterna Oil also appreciated by 0.16 kobo to close at N4.30 per share.
On the other hand, 23 stocks constituted the losers’ chart, led by Mobil Oil, shedding 6.46 kobo to close at N168.50 per share. International Breweries followed with 1.64 kobo to close at N54.98 per share.
PZ Cussons lost 0.90 kobo to close at N22.10 per share. Ecobank Trans National Incorporated shed 0.71 kobo to close at N17.26 per share. Stanbic IBTC dropped 0.50 kobo to close at N41.50 per share.
WAPCO depreciated by 0.44 kobo to close at N47.00 per share. Nigerian Aviation Handling Company lost 0.21 kobo to close at N4.32 per share. Access Bank shed 0.16 kobo to close at N11.20 per share. United Bank for Africa also declined by 0.09 kobo to close at N10.36 per share.
On the activity chart, Dangote Cement dominated in volume terms with 95 million shares worth N23million. Diamond Bank followed with 51 million units valued at N76 million. FBN Holdings accounted for 49 million shares worth N456million.
First City Monument Bank exchanged 48 million units valued at N59million. Mansard also traded 39 million units worth N79million. On the whole, investors exchanged 462 million shares valued at N26billion in 5,090 deals.
Source: G Business
