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Indices sustain rising profile, up by N176b

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Deputy Commissioner (Finance & Administration), National Insurance Commission (NAICOM),George Oneknena (right) Chief Executive Officer,The Nigerian Stock Exchange (NSE),Oscar N. Onyema, OON, Commissioner for Insurance/Chief Executive, NAICOM, Mohammed Kari ,Managing Director Consolidated Hallmark Insurance Plc,Eddie Efekoha,Director, Inspectorate, NAICOM, Barineka Thompson, and Head, Domestic Primary Market, NSE,Tony Ibeziako, at the Closing Gong Ceremony at the Exchange in Lagos.

Price gains recorded by most blue chip stocks on the floor of the Nigerian Stock Exchange (NSE), yesterday lifted market capitalisation by N176 billion.

Yesterday, market capitalisation of listed equities increased by 1.41 per cent to N12.678 trillion from N12.502 trillion traded on Friday. Also the NSE All Share- index appreciated by 511.00 basis points to 36831.93 points from 36320.93 traded preciously.

Investors for the day exchanged 262.167 million shares worth N2.996 billion in 4283 deals against 367.068 million shares valued at N3.743 billion exchanged hands in 3773 deals.

A breakdown of the activities showed that Total Nigeria Plc led gainers table during the day, gaining N12.00 to close at N253.00 per share, Nestle Nigeria Plc followed with a gain of N7.05 kobo to close at N1230.00per share.

Dangote Cement appreciated by N6.39 kobo to close at N224.00 per share, International Breweries added N1.90 kobo to close at N39.90 per share and Guaranty Trust Bank and Flourmills gained N1.32 kobo to close at N42.02 and N27.87 per share respectively.

UACN added 0.59 kobo to close at N15.60 per share. Cement Company of Northern Nigeria appreciated by 0.40 kobo to close at N8.46 per share. Air service garnered 0.34 kobo to close at N7.50 per share. Oando increased by 0.27 kobo to close at N6.00 per share.

Lafarge Wapco recorded the highest loss for the day, shedding N0.42 kobo to close at N56.89 per share, Cadbury Nigeria Plc trailed with a loss of N0.33 kobo to close at N10.00 per share.

PZ Industries declined by N0.31 kobo to close at N23.24 per share, Dangote Sugar Refinery Nigeria Plc down by N0.18 kobo to close at N13.80 per share, while Presco Plc depreciated by N0.17 kobo to close at N67.83 kobo.

Further analysis indicated that Diamond Bank of the banking industry was most active during the day exchanging 76.252 million shares worth N80.287 million, Access Bank followed with 28.136 million shares valued at N275.719 million.

Zenith International Bank traded 23.668 million shares cost N594.973 million, FBN Holdings exchanged 15.723 million shares valued at N95.328 million and Transnational Corporation of Nigeria sold 13.441 million shares worth N18.093 million.



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