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NSE to list Dangote Cement, as capitalisation up 49bn

By Providence Obuh
The management of the Nigerian Stock Exchange (NSE) is set to list by introduction, 100 million shares of Dangote Cement Plc at N135 per share. The shareholders of BCC will get one of Dangote Cement Plc’s shares in exchange for two of BCC’s shares.

However, equities value represented by the market capitalisation appreciated by 49.13 billion or 0.80 per cent to close at N6.194 trillion from N6.145 trillion at which it opened.

Another key performance indices the All share index garnered 0.80 per cent or 200.5 bases points to close at 25,278.23 points from 25,077.73 points.

The improvement was brought about by gains on the share price of major blue chip companies led by Oando Plc with a gain of N3.15 to close at N66.15 per share, Lafarge Cement WAPCO Plc followed with a gain of N2.04 to close at N42.99 per share and Flour Mill Nigeria Plc garnered N1.95 to close at N72.00 per share.

Other share price gainers include: 7-Up bottling company Plc N1.83, Ashaka Cement Plc N1.01, Dangote Flour Mills Plc N0.78, Glaxo Smithkline Consumer Plc No.70, Okomu Oil Palm Plc N0.68, Cement Company of Northeern Nigeria Plc N0.67, First Bank of Nigeria Plc N0.63, among others.

On the contrary, Guinness Nigeria Plc led 16 other stocks on the losers table dropping by N4.93 to close at N180.21 per share, Nigerian Breweries Plc followed with a loss of N2.30 to close at N76.20 per share and Cadbury Nigeria Plc dipped by N1.65 to close at N31.35 per share.

Other share price losers include: Nigerian Breweries Plc N1.51, Nestle Nigeria Plc N1.00, PZ Cussons Plc N0.60, Dangote Sugar Refinery Plc N0.40, Stanbic IBTC Bank Plc N0.34, International Breweries Plc N0.25, Skye Bank Plc N0.19, among others.

Equities trading plunge 26.77 per cent, meanwhile a turnover of  304.34 million shares valued at N5.59 billion was recorded in 6,049 deals, in contrast to Friday’s turnover of 415.63 million shares valued at N2.85 million in 5,559 deals.

The Banking sub-sector dominated the other sub-sector on the sectorial analysis accounting for 59.15 per cent of the market turnover with 180.02 million shares valued at N1.59 billion in 3,082 deals.  United Bank for Africa Plc was the most sought after on the sectorial analysis trading 39.05 million shares valued at N384.13 million in 288 deals, First Bank of Nigeria Plc followed with the exchange of 22.12 million shares valued at N292.84 million 653 deals and Fidelity Bank Plc recorded 20.35 million shares valued at N51.88 million in 113 deals.

The Food/Beverage and Tobacco Plc followed on the sectorial analysis accounting for 9.47 per cent of the market turnover with 28.81 million shares valued at N1.83 billion in 749 deals.  Dangote Sugar Refinery Plc led the sub-sector trading 8.12 million shares valued at N136.2 million in 96 deals, Flour Mills Nigeria Plc followed with the exchange of 6.29 million shares valued at N444.8 million in 141 deals and Cadbury Nigeria Plc recorded 2.99 million shares valued at N96.24 million in 120 deals.


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