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Japaul Oil & Maritime Services leads 19 gainers on exchange


Nigerian Stock Exchange

Japaul Oil & Maritime Services traded higher at the end of yesterday’s transactions on the equity sector of the Nigerian Stock Exchange (NSE). It led 19 others with 10 per cent to close at 22 kobo per share.

Following Japaul was Dangote Flour Mills with a gain of 9.81 per cent to close at N11.75 per share.

First Aluminium Nigeria rose 9.76 per cent to close at 45 kobo per share. Vitafoam Nigeria appreciated 9.71 per cent to close at N3.84, while Trans Nationwide Express gained 9.46 per cent to close at 81 kobo, per share.

On the other hand, Guinness Nigeria led the losers’ chart by 10 per cent to close at N54, per share. Forte Oil followed with 9.83 per cent to close at N24.30, while Unilever Nigeria fell 8.82 per cent to close at N31, per share.


Custodian Investment lost 5.51 per cent to close at N6, while NPF Microfinance Bank declined 5.44 per cent to close at N1.39, per share

Consequently, the market capitalisation gained N2 billion to close at N11.303 trillion. The All Share Index (ASI) shed 10.31 absolute points, representing a dip of 0.03 per cent to close at 30,076.00 points.

Total volume traded rose 39.3 per cent to 316.12 billion units, valued at N3.65 billion, exchanged in 3,888 deals.

The different in the market indicators is as a result of the listing of Skyway Aviation Handling Company (SAHCOL).

The company listed by Initial Public Offering (IPO) of 1.354 billion ordinary shares at a listing price of N4.65 per share. The listing added about N6.29 billion to the Exchange’s capitalisation, further deepening the Nigerian capital market.

Analysts at Afrinvest Limited, said: “In the near term, we anticipate that corporate earnings will have a significant impact in the domestic bourse as investors will continue to take position in attractive stocks ahead of earnings expectations.”

Japaul Oil traded the most shares with 69.05 million shares valued at N14.13 million.

Unilever Nigeria followed with 41.21 million shares worth N1.28 billion, while Sterling Bank traded 38.86 million shares valued at N104.92 million.

United Bank for Africa (UBA) traded 34.27 million shares valued at N234.49 million, while Access Bank transacted 24.89 million shares worth N170.97 million.

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