NSE Indices Sustain Rising Profile, up by N36billion

Equity transactions on the trading floor of the Nigerian Stock Exchange (NSE) sustained a rising profile, as more blue chip stocks appreciated in price, causing market capitalisation to increase by N36billion.
Yesterday, 24 stocks appreciated in price, as Total led others on the gainers’ chart with 10.40 kobo to close at N228.00 per share, while Nestle trailed with 8.00 kobo to close at N1378 per share.

Flour Mills gained 0.45 kobo to close at N33.00 per share. United bank for Africa added 0.40 kobo to close at N13.00 per share. FBN Holdings appreciated by 0.35 kobo to close at N11.50 per share.

Zenith Bank and WAPCO garnered 0.25 kobo each to close at N31.75 and N51.30 per share respectively, while Dangote Flourmills added 0.20 kobo to close at N16.50 per share.

TransNational Corporation gained 0.08 kobo to close at N2.15 per share. Livestock, UPL, Union Bank and ECoBank TransNational Corporation gained 00.5 kobo to close at N1.15, N2.20, N6.85 and N19.70 per share respectively.

Mayand Banker appreciated by 0.04 kobo to close at N2.85 per share. WAPIC improved by 0.03 kobo to close at N0.64 per share. Japaul oil gained 0.02 kobo to close at N0.39 per share.However, Nigerian Breweries topped the losers’ chart with 1.60 kobo to close at N122.90 per share. Dangote Sugar Refinery followed with 0.60 kobo to close at N21.35 per share.

CAP depreciated by 0.25 kobo to close at N35.00 per share. Forte Oil lost 0.20 kobo to close at N44.80 per share. Fidson shed 0.15 kobo to close at N4.55 per share. Caverton lost 0.13 kobo to close at N2.52 per share.International Breweries dropped 0.10 kobo to close at N55.95 per share. United capital shed 0.09 kobo to close at N4.26 per share. AG Leventis, Skye bank, Wema Bank, and Mansard also lost 0.03 kobo to close at N0.57, N1.03 and N2.75 per share respectively.

Consequently, the All-share index rose by 100.46 points to 0.2 per cent from 42,158.32 recorded on Wednesday, to 42,258.78. Also, the market capitalisation of listed equities improved by N36billion from N15.129trillion to N15.165trillion.

Fidelity Bank dominated in volume terms with 62 million shares worth N189million, while Skye Bank followed with 56 million units worth N58million. FBN Holdings accounted for 29 million shares valued at N307million.

First City Monument Bank traded 25 million shares worth N59million. United Bank for Africa exchanged 23 million units valued at N309million.On the whole, investors exchanged 342 million shares worth N3.1billion in 4,943 deals, lower than 570 million units worth N5.3billion that was exchanged in 5,794 deals on Wednesday.

By  Helen Oji

The Guardian Newspaper February 23rd, 2018

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