NSE’s All-share index rises marginally by 0.04 per cent
Price gains recorded by major highly capitalised companies on the floor of the Nigerian Stock Exchange, yesterday, lifted the All-share index by 0.04 per cent
Specifically, at the close of transactions yesterday, the All-share index rose by 8.11 points or 0.04 per cent from 23,826.76 posted on Monday to 23,834.87, while market capitalisation increased by N3 billion or 0.03 per cent from N8, 194 trillion to N8,197 trillion.
On the price movement chart, 22 companies appreciated in prices, as Seplat topped the gainers chart with 5.00 per cent to close at N0.86 per share while Learn Africa followed with 4.88 per cent to close at N0.86 per share.
Nigerian Aviation Handling Company added 4.80 per cent to close at N3.93 per share. AIICO gained 4.65 per cent to close at N0.90 per share.
Fidson added 4.25 per cent to close at N2.70 per share.
AG Leventis gained 4.17 per cent to close at N0.75 per share. Fidson gained 4.25 per cent to close at N2.70 per share.
Other gainers of yesterday’s transactions include Tiger Brand, NEM and Dangote Sugar Refinery, shedding 3.33,2.99 and 2.98 per cent to close at N1.24, N0.69 and N6.23 per share.
Stanbic IBTC added 2.94 per cent to close at N14.00 per share. Ikeja Hotel gained 2.85 per cent to close at N2.89 per share.
However, 17 stocks constituted the losers chart, as GlaxoSmithKline led the losers chart with 4.99 per cent to close at N24.37 per share. Seven-Up followed with 4.94 per cent to close at N177.00 per share. Mansard lost 4.91 per cent to close at N2.13 per share.
Caverton shed 4.84 per cent to close at N2.13 per share. Diamond and Sterling Bank dropped 4.84 and 4.49 per cent to close at N1.77 and N1.70 per share.
Unity Bank shed 4.17 per cent to close at N0.69 per share. First City Monument Bank lost 4.04 per cent to close at N0.95 per share. Wema Bank also 3.92 per cent to close at N0.98 per share.
United Capital dropped 3.65 per cent to close at N1.32 per share. Guaranty Trust Bank and TransNational Corporation also dropped 2.38 and 0.83 per cent to close at N16.38 and N1.19 per share.
The banking subsector dominated in volume terms with 271 million shares worth N958 million followed by the personal/households products with 9.6 million units worth N584 million.
The banking subsector was boosted by activities in the shares of United Bank for Africa and Sterling bank with 123 million shares and 50 million units worth N339 million and N85 million.
In all, investors exchanged 313 million shares worth N2.4 billion in 3,451 deals.