NSE’s market capitalisation rises further by N118 billion

TRADING activities at the nation’s stock market continued in an upbeat, occasioned by price gains recorded by major blue chip companies,  as investors wealth increased by N118 billion. 

   Specifically, market capitalisation of listed equities appreciated by N118billion or 1.19 per cent to N10.058 trillion from N9.940 trillion recorded the previous day. 

Also, the NSE All Share Index grew by 352.47 basis points to 30,145.60 from 29793.13 points traded on Monday.    

   An analysis of the daily transactions showed that Seplat Petroleum Development led gainers table during the day, gaining N14.47 kobo to close at N460.00, Guinness Nigeria Plc followed with a gain of N4.01 kobo to close at N824.01 while CAP Plc, Julius Berger and Unilever Nigeria Plc appreciated by N3.68 kobo, N1.90 kobo and N1.62 kobo respectively to close at N39.78 kobo, N39.98 kobo and N34.18 kobo.       On the contrary, Total Nigeria Plc topped losers chart for the day, shedding N3.96 kobo to close at N140.50 kobo, Okomu Oil fell by N1.77 kobo to close at N33.81 kobo while N0.76 kobo to close at N17.10 kobo.

    Other Companies that recorded price depreciation were National Salt Company of Nigeria (NASCON) and UAC Property which dropped by N0.33 kobo and N0.31 kobo respectively to close at N6.46 kobo and N9.69 kobo.  

   The result indicated that Financial Service Sector led activities for the day in volume terms,  exchanging  164.185 million shares worth N1.372 billion in 2525 deals. Banking sub sector was the most active in the sector accounting for 99.373 million shares valued at N934.148 million in 1543 deals. United Bank for Africa (UBA) was the toast of investors with account of 27.234 million shares cost N101.745 million in 230 deals. 

    Zenith International Bank trailed  with a loss of 18.655 million shares valued at N352.763 million in 280 deals and Access Bank Plc sold a total of 16.738 million shares worth N108.360 million in 212 deals.

 Financial Institutions subsector followed trading 54.415 million shares valued at N431.067 million in 859 deals. FBN Holdings was the investors delight with account of 34.359 million shares valued at N259.234 million in 596 deals. 

    Consumer Goods sector anhanced by PZ Cusson followed in daily activities with account of 51.680 million shares cost N1.894 billion in 789 deals.  In all investors bought 277.261 million shares worth N3.785 billion in 4401 deals against 306.630 million shares valued at N3.011 billion in 4139 deals. 

   Meanwhile, monthly Foreign Portfolio Investment  [FPI] transactions at the nation’s bourse which was N124.50 billion at the end of 2014 decreased to N99.11 billion (about $0.60 billion) at the beginning of 2015, down 20.39 per cent from December 2014.