2 November 2017

Nigeria: NSE Indices Sustain Rising Profile, Up By N72 Billion

Equity transactions on the trading floor of the Nigerian Stock Exchange (NSE), continued in upbeat yesterday, as more blue chip stocks join the league of gainers, resulting to a further rise in market capitalisation by N72billion.

Yesterday, market capitalisation, which opened at N12.694trillion, inched up N7 billion or 0.57 per cent to close at N12.766trillion. Also, the All-Share Index rose by 206.91 points or 0.56 per cent to close at 36,887.20 in contrast with 36,680.29 posted on Tuesday.

On the price movement chart, Mobil Oil recorded the highest price gain to lead the gainers' table with 6.00 kobo to close at N161 per share. Dangote Cement followed, adding 3.50 kobo to close at N227.50 per share. Presco appreciated by 3.32 kobo to close at N69.82 per share.

International Breweries increased by 1.01 kobo to close at N50.00 per share. Flour Mills improved by 61 kobo to close at N32.11 per share. Zenith Bank added 0.38 kobo to close at N25.87 per share. GlaxioSmithKline garnered 0.35 kobo to close at N25.25 per share. On the other hand, Nestle recorded the highest price loss declining by 2.00 kobo to close at N1,250 per share.

Stanbic IBTC trailed with a loss of 1.40 kobo to close at N42.50 per share, and NASCON was down by 65 kobo to close at N15.55 per share. Cadbury declined by 39 kobo to close at N10.11 per share.

PZ Cussons Industries also depreciated by 39 kobo to close at N22.61 per share. FBN Holdings was the active stock in volume terms, trading 40.094million shares worth N255.05million.

Sterling Bank followed with an exchange of 31.96 million shares valued at N31.95million, while Diamond Bank exchanged 26. 03 million shares worth N26.28million.

Stanbic IBTC sold 20.04 million shares valued at N850.54million, while Fidelity Bank traded 19.83 million shares worth N30.43million. In all, investors bought and sold a total of 249.35 million shares valued at N5.20billion achieved in 4,119 deals. This was in contrast with 259.08 million shares worth N3.05billion traded in 4,503 deals on Tuesday.


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