THE market capitalisation of the Nigerian Stock Exchange (NSE) hit N5,638 trillion yesterday, from N5,540 trillion at which it closed last week Wednesday.
This development has added N98 billion to the pocket of investors whose funds were stuck in the stock market since the recession.
Specifically, at close of transactions yesterday, 43 highly capitalised stocks recorded price appreciation, while 32 others constituted the losers' chart.
All-Share index, which measures the performance of quoted companies, rose by 216.21 points or 0.9 per cent from 23,196.20 at which it close on Tuesday to 23,412.41, while market capitalisation increased by N52 billion or 9.2 per cent from N5,586 trillion to N5,638 trillion.
Further analysis of yesterday's trading showed that one of the petroleum marketing giants, Mobil Nigeria Plc, led the bulls up with 488 kobo, to close at N102.53 per share, followed by Benue Cement Company Plc, which added 254 kobo, to close at N53.34 per share.
Flourmill Plc, West African Portland Cement Company Plc, PZ Cussons Plc, Cadbury Nigeria Plc, Dangote Sugar Refinery Plc, added 189 kobo, 125 kobo, 110 kobo, 78 kobo and 63 kobo to close at N46.90, N34.50, N27.00, N16.78 and N17.82 per share respectively.
Other share price gainers include First Bank of Nigeria Plc, EcoBank Transnational Incorporated Plc, BOC Gases Plc, Dangote Flourmill Plc, Eternaoil Plc, UBN Plc, National Salt Company of Nigeria Plc, EcoBank Plc, Nigeria Aviation Handling Company Plc and Diamond Bank Plc also gained 59 kobo, 53 kobo, 49 kobo, 36 kobo, 34 kobo, 28 kobo, 28 kobo, 27 kobo, 19 kobo and 15 kobo, to close at N15.27, N16.55, N10.37, N13.26, N7.16, N5.91, N6.35, N5.67, N8.78 and N8.90 per share respectively.
On the losers' table, Oando Nigeria Plc emerged the day's highest price loser, shedding 469 kobo to close at N89.30 per share, while Nigerian Breweries Plc followed with 160 kobo, to close at N58.10 per share. UACN Plc, Alumaco Plc, Unilever Plc lost 100 kobo, 75 kobo and 32 kobo, to close at N45.00, N14.26 and N24.69 per share respectively.
UACN Properties Plc, Prestige Assurance Plc, Access Bank Plc, First City Monument Bank Plc, Sterling Bank Plc, Stanbic/IBTC Plc, C & I Leasing Plc, Wema Bank Plc also shed 30 kobo, 17 kobo, 11 kobo, 11 kobo, eight kobo, seven kobo, six kobo and five kobo, to close at N20.50, N3.26, N9.60, N9.26, N1.85, N8.93, N2.69 and N1.07 per share respectively.
With transactions exchanged in 3,413 deals, the banking sub-sector dominated in volume terms with 258.5 million shares, worth N2.9 billion, followed by the insurance sub-sector, which traded 37.6 million units, valued at N42.7 million in 691 deals, while the conglomerates ranked third with 25 million units, worth N281.9 million in 338 deals.
Transactions in the shares of Zenith Bank Plc boosted activities in the banking sub-sector with 71.9 million shares, worth N1.1 billion in 255 deals, followed by 38.3 million shares of Diamond Bank Plc, worth N337.4 million which was exchanged in 155 deals.
For the insurance sub-sector, 9.4 million shares of AIICO Insurance Plc, worth N10 million boosted activities in the sub-sector, followed by 8.9 million shares of International Energy Insurance, worth N4.5 million, exchanged in 41 deals by investors.
The conglomerates sub-sector was strengthened by activities in the shares of Transnational Corporation, which traded 15.3 million shares, worth N8.4 million.
In all, investors exchanged 394.8 million shares worth N4 billion in 7,031 deals.
Source:© Copyright Guardian
|
