NSE’s indices appreciate by N69 billion

NSE’s indices appreciate by N69 billion

NSE’s indices appreciate by N69 billion

Following price gains recorded by some highly
capitalised stocks, transactions on the trading
floor of the Nigerian Stock Exchange closed in an
upward note, causing market capitalisation to
appreciate N69 billion.
Yesterday, the market capitalisation of
listed equities rose by N69 billion or 0.7
per cent from N9,500 trillion recorded
on Friday to N9,569 trillion while the
All-share index rose by 202.89 points
from 27,631.05 to 27,833.89.
On the price movement chart, 16 stocks
appreciated in price, as LawUnion
&Rock emerged the day’s highest price
gainer with 7.27 per cent to close at
N0.59 per share. Dangote Cement
followed with 6.27 per cent to close at
N171.15 per share. Learn Africa added
4.55 per cent to close at N0.69 per share.
Wema Bank, Port Land Paints, Aiico
garnered 4.44, 4.22 and 3.26 per cent to
close at N0.94,N3.95 and N0.95 per
share.
Sterling Bank gained 3.21 per cent to
close at N1.93 per share. Oando added
1.53 per cent to close at N5.99 per share.
Other gainers of yesterday’s transactions
are Flourmills, adding 1.05 per cent to
close at N19.30 per share. TRANSEXPR
also added 1.02 per cent to close at
N0.99 per share.
On the other hand, Tigerbrands led 29
other on the losers chart with 945 per
cent to close at N1.15 per share.
Honeywell followed with 9.39 per cent to
close at N1.64 per share.
UACN lost 5.00 per cent to close at
N24.33 per share. Skye Bank,
May&Baker, Continental reinsurance
shed 4.97,4.81 and 4.76 per share.
Zenith bank shed 4.74 per cent to close
at N15.29 per share. Fidson and
Eternaoil dropped 4.71 and 4.61 per
cent to close at N2.85 and N1.45 per
share
The banking sector remains the most
active stock with 42 million shares worth
N358million while the insurance sector
followed with N8 million units values at
N6million
On the whole, investors exchanged
127million shares worth N2.5 billion in
2,434 deals.