Nigeria Update: Stock market indices re-open bullish, up by N79billion
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Transactions on the equity sector of the Nigerian Stock Exchange (NSE) continued upbeat yesterday, as major highly capitalised stocks recorded price appreciation, causing market capitalisation to rise further by N79million.
Specifically, at the close of trading yesterday, the All-share index rose by 220.1 points or 0.5 per cent from 42,898.90 recorded last Friday to 43,119.00.
Similarly, market capitalisation of listed equities increased by N79billion from N15.368trillion to N15.447trillion.
On the price movement chart, 26 firms appreciated in value led by international Breweries, and Dangote Cement, which topped the gainers’ chart with 3.00 kobo each to close at N63.00 and N255.00 per share respectively, while Guaranty Trust Bank followed with 1.10 kobo close at N50.10 per share.
PZ Cussons added 1.00 kobo to close at N23.99 per share. Zenith Bank gained 0.74 kobo to close at N32.00 per share.
Cement Company of Northern Nigeria garnered 0.58 kobo to close at N13.84 per share. First City Monument Bank gained 0.25 kobo to close at N2.79 per share. Fidelity Bank added 0.16 kobo to close at N3.36 per share.
May & Baker appreciated by 0.15 kobo to close at N3.25 per share. Dangote Flour garnered 0.10 kobo to close at N16.25 per share. Sterling Bank gained 0.09 kobo to close at N2.00 per share.
Caverton added 0.08 kobo to close at N1.68 per share. WAPCO lost 2.84 kobo to close at N54.06 per share. Forte Oil followed with 2.47 kobo to close at N50.15 per share.
However, Nigerian Breweries depreciated by 1.97 kobo to close at N149.08 per share to lead the losers chart. Flourmills shed 1.35 kobo to close at N30.00 per share. Dangote Sugar Refinery lost 0.97 kobo to close at N20.30 per share.
On the activity chart, TransNational Corporation dominated in volume terms with 193.00 million shares worth N400million. Diamond Bank followed with 85 million units valued at N221.8million.
First City Monument Bank accounted for 57 million shares worth N157.00 million. Fidelity Bank traded 55 million units valued at N179million. Access Bank exchanged 35 million units worth N414million.
