Investors’ wealth appreciates further by N192b on the
EQUITY transactions on the trading floor of the Nigerian Stock Exchange sustained rising profile yesterday, as more highly capitalised stocks appreciated in price, causing market capitalization to rise further by N192 billion.
At the close of trading yesterday, 20 stocks appreciated in price while 15 others constituted the losers’ chart.
Specifically, market capitalization rose by 2.2 per cent or N1.92 billion from N8,544 trillion achieved on Tuesday to N8,736 trillion while the All-share index rose by 558.52 points or 2.2 per cent from 24,838.31 to 25,396.83.
Investors also exchanged 275 million shares worth N1.6 billion in 3,344 deals.
On the price movement chart, Tigerbrands led the gainers chart with 9.27 per cent to close at N1.65 per share. Dangote Cement followed 7.51 per cent to close at N160.00 per share.
Oando, Dangote sugar refinery, Eternaoil garnered 7.32 per cent, 4.97 and 4.97per cent to close at N3.37 percent, N5.49 and N1.90 per share.
Zenith Bank added 4.496 per cent to close at N11.63 per share.
NPFMicro finance Bank gained 4.90 per cent to close at N1.07 per share. Honeywell flourmills added 4.65 per cent to close at N1.07 per share. Mansard gained 4.44 per cent to close at N1.88 per share. United Capital added 4.32 per cent to close at N1.45 per share.
Skye Bank and AIICO gained 4.17 and 3.85 per cent to close at N1.00 and 0.81 per share. Access Bank added 2.72 per cent to close at N4.16 per share. Ecobank TrasNational Incorporated also gained 2.45 per cent 118.01 per share.
On the other hand, Fidson topped the losers’ chart with 9.38 per cent to close at N2.32 per share while Total followed with 5.00 percent to close at N137.75 per share.
Forte oil shed 5.00 per cent to close at N293.23 per share. International Breweries dropped 4.97 per cent to close at N18.53 per share. FBN Holdings shed 4.95 per cent to close at N3.65 per share. Vitafoam lost 4.80 per cent to close at N4.36 per share.
Unity Bank, Unilever, Stanbic IBTC dropped 4.69, 3.57 and 3.08 per cent to close at N0.61, N27.00, N14.15 per share.
Custodian&Allied shed 2.50 per cent to close at n3.90 per share. Fidelity Bank also dropped 1.79 per cent to close at N1.13 per share.
With transactions exchanged in 1,044 deals, the banking sector maintained its dominance in volume terms with 108 million shares worth N613 million while the insurance subsector followed with 25 million units worth N16 million.
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