Investors’ wealth appreciates by N271b in three trading days

EQUITY transactions on the trading floor of Nigerian Stock Exchange (NSE) sustained rising profile yesterday, following price gains recorded by major as bluechip companies, as investors’ wealth appreciated by N271 billion in three trading days.

   Specifically, market capitalization of the NSE rose by N271 billion or 2.6 per cent, from N9,804 trillion recorded last week Friday to N10,075 trillion yesterday.

Also, the All-share index appreciated by 811.63 points or 2.6 per cent from 29,383.93 to 30,195.56.

    A review of the investment during the day showed that investors bought 369.819 shares worth N4.496 billion in 4506 deals against 277.261 million shares valued at N3.785 billion in 4401 deals. A breakdown of the trading activities indicated that Seplat Petroleum Development led gainers table appreciating by N10.00 to close at N470.00, Julius Berger followed with a gain of N4.02 kobo to close at N44.00 while  UAC of Nigeria, GTBank and UBN appreciated by N1.84 kobo, N0.50 kobo and N0.44 kobo respectively to close at N25.07 kobo, N85.41 kobo and N9.36 kobo.

Ecobank TransNational Incorporated gained 0.30 kobo to close at N16.50 per share. Flourmills added 0.20 kobo to close at N35.20 per share.

FBN Holdings and Diamond Bank garnered 0.19 and 0.10 kobo to close at N7.80 and N4.20 per share.

    Further breakdown of the investment revealed that Forte Oil topped losers chart, shedding N6.90 kobo to close at N218.10 kobo, Nigerian Breweries trailed with a loss of N1.26 kobo to close at N137.74 kobo while Stanbic IBTC declined by N0.68 kobo to close at N25.07 kobo. Other companies that depreciated in price include Lafarge Wapco and Oando Plc which dropped by N0.59 kobo and N0.55 kobo respectively to close at N85.41 kobo and N13.35 kobo.  

    The financial service sector led activities for the day, exchanging 316.199 million shares valued at N3.014 billion in 2848 deals. Banking subsector was the most active in the sector accounting for 226.833 million shares valued at N2.507 billion in 1883 deals. Access Bank was the investors delight with account of 49.064 million shares worth N2.507 billion in 1883 deals, GTBank sold 39.931 million shares cost N921.672 million in 380 deals and Ecobank Transnational traded 36.491 million shares valued at N597.589 million in 94 deals. 

      Financial institutions boasted by FBN Holdings followed in the sector with a total of 77.941 million shares worth N498.872 million in 869 deals.

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