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Investors’ wealth appreciates further by N5b in bullish trading


TRANSACTIONS on the floor of Nigerian Stock Exchange (NSE) sustained rising profile yesterday, even as more bluechip companies appreciated in price, resulting to a further rise in market capitalisation by N5 billion. 

   Specifically, at the close of trading yesterday, the market capitalisation of listed equities grew by 0.05 per cent to N10.215 trillion from N10.210 trillion recorded the previous day. 

   Also the NSE All Share Index went up by 13.80 basis points from 30601.13 traded on Tuesday to 30614.93 points at close of transactions on Friday.  A review of the transactions for the day showed that investors bought 381.290 million shares worth N4.906 billion in 5283 deals against 510.059 million shares valued at N4.910 billion made in 5324 deals.         

   25  stocks appreciated in price, Nestle Nigeria Plc led gainers table, growing by N5.00 to close at N820.00, Guinness Nigeria Plc followed with a gain of N4.00 to close at N126.00 while Flour Mills of Nigeria Plc, Lafarge Wapco and International Breweries which rose by N1.20 kobo, N0.99 kobo and N0.97 kobo respectively to close to N35.00, N87.99 kobo and N19.47 kobo.  

   Union Bank added  0.50 kobo to close at N10.60 per share.  Zenith Bank added 0.36 kobo to close N19.10  per share.

Nigerian Aviation Handling company gained 0.23kobo to close at N4.85 per share.    Oando added 0.21 kobo to close at N14.20 per share.

UPL, FBN Holdings and Conoil garnered 0.20 kobo to close  N4.40,  N8.25 and N32.20 per share respectively.

     On the contrary, Seplat Petroleum Development Plc topped losers chart, dropping by N19.90 kobo to close at N450.10 kobo, Mobil Nigeria Plc trailed with a loss of N3.00 to close at N150.00 while GTBank decreased by N1.01 kobo to close at N23.00. PZ industries and Champion Breweries dropped by N1.00 and N0.25 kobo respectively to close at N27.99 kobo and N4.95 kobo.

Mansard insurance dropped 0.14 kobo to close at N2.86 per share while CWG lost 0.13 per cent to close at N4.00 per share. Vitafoam shed 0.12 kobo to close at N3.46 per share.

   First City Monument Bank shed 0.06 kobo to close at N2.28 per share.

Skyebank, Ecobank TransNational Incorporated and GlaxoSmithKline also dropped 0.05 kobo to close at N2.13,N16.80 and N40.00 per share.

     Financial service sector traded highest volume of shares, exchanging 331.212 million shares valued at N3.210 billion in 3532 deals, Banking sub sector was the most active in the sector with account of 217.980 million shares valued at N2.626 billion in 2576 deals. Access Bank was most active in the sector with account of 65.318 million share in 232 deals, Zenith International Bank Plc exchanged 65.022 million shares valued at N1.251 million shares in 557 deals and Ecobank Transnational sold 34.532 million shares worth N580.152 million. 

   Other financial Institution sub-sector enhanced by FBN Holdings  followed in the sector with account of 81.491 million shares valued at N559.161 million in 819 deals.

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