Stock market indices sustain rising profile, up by N182b

The reign of the bulls continued unabated on the trading floor of the Nigerian Stock Exchange (NSE), as virtually all the blue chip stocks recorded price appreciation, resulting to a further rise in market capitalisation by N182billion.

Yesterday, market capitalisation of listed equities rose by N182 billion from N14.181trillion recorded on Monday to N14.363trillion.

Similarly, the All-share index increased by 513.32 points or 1.3 per cent from 39,849.65 to 40,362.97.

On the price movement chart, 47 stocks appreciated in price as Seplat led others on the gainers’ chart with 10.00 kobo to close at N660 per share. Dangote Cement followed with 3.24 kobo to close at N237.5 per share.

Guinness added 2.00 kobo to close at N102.00 per share. Conoil appreciated by 1.62 kobo to close at N34.03 per share. Mobil garnered 1.50 kobo to close at N180.00 per share.

However, Seven stocks constituted the losers’ chart as Nestle emerged the day’s highest price loser with 50.00 kobo to close at N1,450 per share, while GlaxoSmithKline followed with 0.30 kobo to close at N21.80 per share.

Nigerian Aviation Handling Company lost 0.21 kobo to close at N4.29 per share. Union Bank shed 0.20 kobo to close at N7.50 per share. UAC-Properties dropped 0.15 kobo to close at N3.03 per share.

Diamond Bank dominated in volume terms with 219 million shares valued at N441 per share. TransNational Corporation accounted for 139 million units worth N254million. First City Monument Bank accounted for 74 million units worth N154million.

Zenith Bank exchanged 41 million shares worth N1.2billion. Access Bank traded 41 million units valued at N455million. In all, investors exchanged 770 million shares worth N7.8billion in 7,395 deals.