NSE’s market capitalisation rises further by N15b
EQUITY transactions on the floor of the Nigerian Stock Exchange yesterday sustained rising profile, following price gains recorded by major bluechip companies, as the market capitalisation of listed equities appreciated by N15 billion.
Specifically, at the closed of transactions yesterday, market capirtalistion increased by 0.15 per cent to N9.321 trillion from N9.917 trillion recorded the previous day.
Also the NSE All Share Index went up by 45.99 basis points to 29819.39 points from 29773.40 points. A review of the transactions showed that investors bought 311.504 million shares worth N4.135 billion in 4639 deals against 426.248 million shares valued at N3.426 billion exchanged hands in 4391 deals.
An analysis of the investment during the day indicated that Guinness Nigeria led gainers table, table, growing by N5.50 kobo to close at N131.50 kobo, Forte Oil followed with a gain of N2.58 kobo to close at N229.80 kobo, while Lafarge Wapco, UAC of Nigeria and Guaranty Trust Bank appreciated by N2.20 kobo, N1.62 kobo and N1.04 kobo respectively to close at N82.00, N34.14 kobo and N20.72kobo.
On the contrary, Nestle Nigeria Plc topped losers chart, dropping by N24.50 kobo to close at N830.50 kobo, Seplat Petroleum Development trailed with a loss of N6.00 to close at N305.60 kobo while Seven UP loss N1.90 kobo to close at N160.00. Okomu Oil declined by N1.56 kobo to close at N23.90 kobo and Dangote Cement went down by N1.00 to close at N155.00.
Further analysis of the transaction showed that Financial Service sector led activities for the day with account of 240.656 million shares worth N2.425 billion in 2888 deals. Banking sub sector was the most active in the sector having accounted for 129.689 million shares valued at N1.292 billion in 1739 deals. Zenith International Bank was the toast of investor as it accounted for 36.312 million shares worth N636.395 million in 336 deals, Access Bank traded 22.505 million shares valued at N115.377 million in 296 deals and United Bank for Africa sold 21.229 million shares valued at N60.046 million in 256 deals. Other Financial Institution came second in the sector with account of 100.576 million shares valued at N1.123 billion in 1073 deals. FCMB Group was the investors delight in the subsector with account of 72.889 million shares cost N533.987 million in 871 deals.
Conglomerates sector enhanced by Transnational Corporation of Nigeria followed in daily activities, a total of 29.750 million shares worth N133.158 million in 363 deals.