Leadership (Abuja)

Nigeria: NSE Index Rises Further By 0.12 Percent

Investors' value in the equities sector of the Nigerian Stock Exchange further firmed up yesterday as the twin indicators continued on the upbeat resulting in a further rise by 0.12 per cent.

Analysis of price movement showed that 40 stocks gained weight at the close of the day's transactions while 26 others constituted the losers' table.

Specifically, the market capitalisation of listed equities rose by N12 billion to close at N10.191 trillion up from N10.179 trillion recorded on Wednesday, representing 0.12 per cent improvement over the previous day's activity.

A further review of transaction in the day showed that the All Share Index appreciated by 37.74 basis points to hit 31,853.19 points from the previous 31,815.45 points.

Prestige Insurance Plc topped the gainers' list with 10 per cent to close at 66 kobo per share. Royal Exchange followed with 9.84 per cent to close at 67 kobo per share.

On the other hand, Interbrew Plc led on the flip side with 9.88 per cent to close at N22.71, followed by Unity Bank with 9.72 per cent decrease to close at 65 kobo per share.

Further analysis showed that the banking sub-sector buoyed by activities on the shares of Unity Bank and Access Bank dominated others on the sectoral chart with 226.5 million units valued at N1.6 billion exchanged in 2,487 deals.

The Insurance sub-sector propelled by transactions done on the shares of Prestige closed as the second most traded in the day with 81 million units worth N58.2 billion in 370 deals. At the last count, investors bought 506.3 million shares worth N3.6billion exchanged in 6,884 deals.

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