Leadership (Abuja)
Nkiruka Anene
12 November 2008
Investors' fortunes in the stock market continued its recovery with another significant rise of N168 billion yesterday.
Consequently, 52 stocks emerged gainers to aid the further appreciation of the major performance indicators, the all share index and total market capitalisation by 4.6 per cent increase.
The total market capitalisation of all listed equities closed higher at N7.84 trillion from N7.67 trillion, while the all share index grew to 35,738.02 points from the opening figure of 34,973.05 points, representing 2.18 per cent increase apiece.
Guinness Nigeria Plc garnered N4.28 to close at N89.88 per share, followed by Nigeria Breweries with price gain of N1.88 to close at N39.54 per share. First Bank closed as the third top gainers for the day, recording appreciation of N1.16 to close at N24.48 per share. Zenith Bank and Ashakacem were the last on the top five gainers' list. They added N1.02 and N0.95 to close at N25.85 and N29.95 respectively.
Conversely, 25 losers were recorded with Oando Plc leading with price loss of N6.94 to close at N3131.87 per share. Julius Berger lost N3.38 to close at N64.40 per share; Flourmill declined by N2.57 to close at N2.57, Nigeria Bottling Company (NBC) went down by N1.89 to close at N36.80, while BOCGas dropped N0.99 to close at N18.91 per share.
The banking sub-sector recorded the highest transaction, accounting for 177.9 million ordinary shares worth N1.99 billion exchanged by investors in 5,135 deals. The insurance sub-sector closed as the second most active sector trading 50.9 million shares valued at N83.9 million done in 745 deals. Information Communication & Telecommunication led by shares sold in Charms Plc emerged third on the sectoral chart, posting 17.4 million shares valued at N44.67 million exchanged in 170 deals.
A total transaction of 283.85 million shares valued at N2.53 billion was recorded in 7,935 deals.
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