NSE’s index rises by 0.3 per cent

Equity transactions on the Nigerian Stock Exchange (NSE) reversed the negative streak yesterday, following price gains recorded by most blue chip companies, as the All-share Index rose marginally by 0.3 per cent.

The Market capitalisation of listed equities had appreciated by N41 billion or 0.3 per cent to N12.574 trillion from N12.522 trillion traded on Monday at the close of deals yesterday.

Also, the All-Share Index grew by 119.89 basis points to 36531.62 from 36411.73 recorded on the previous day, as investors exchanged 199.855 million shares worth N1.810 billion in 3657 deals, against 253.537 million shares valued at N2.699 billion in 3609 deals.

Consequently, Nigerian Breweries led 21 stocks on the gainers’ chart, appreciating by N4 kobo to close at N161 per share, while National Salt Company of Nigeria followed with a gain of N1.33 kobo to close at N14.33 per share.

UAC of Nigeria added N0.62 kobo to close at N17.51 kobo; Dangote Sugar Refinery Nigeria Plc appreciated by N0.39 kobo to close at N14.39 per share; and Dangote Flour increased by N0.25 kobo to close at N7.15 per share.

Zenith Bank rose by 0.20 per cent to close at N25.30 per share; Guaranty Trust Bank added 0.15 kobo to close at N42 per share; while AFRIPRUD garnered 0.14 kobo to close at N3.84 per share.

Similarly, Access Bank gained 0.13 kobo to close at N9.93 per share, while Custodian & Allied Insurance garnered 0.12 kobo to close at N3.90 per share.

However, Dangote Cement recorded the highest grop for the day, losing by 0.99 kobo to close at N219 per share; Cadbury Nigeria trailed with a loss of 0.50 kobo to close at N10.00 per share; while C & I Leasing went down by 0.09 kobo to close at N1.71.

Also, Honey Well Flour Mills Nigeria Plc depreciated by N0.09 kobo to close at N1.85, while Transnational Corporation of Nigeria declined by 0.07 kobo to close at N1.36.

Mansard lost N0.06 kobo to close at N2.08 per share; Sterling Bank and Fidson shed 0.05 kobo to close at N1.01 and N3.36 per share respectively. Law Union & Rock depreciated by 0.03 kobo to close at 0.71 kobo per share.

Further analysis of yesterday’s transactions indicated that United Bank for Africa was the most active stock for the day, trading 33.580 million shares worth N303.020 million, followed by Access Bank with 21.649 million shares valued at N215.415 million.

Fidelity Bank traded 20.689 million shares at N31.367 million; Zenith International Bank exchanged 12.120 million shares valued at N308.884 million; while Jaiz Bank sold 11.380 million shares valued at N7.373 million.