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Equities value on NSE rises further by N43bn

By Providence Obuh
The upward trend on the Nigerian Stock Exchange (NSE) continued, Wednesday, as the value of listed equities’ represented by the market capitalisation appreciated by N43.47 billion.

In particular, the capitalisation rose by  0.72 per cent to close at N6.061 trillion from N6.105 trillion at which it opened. The All-share index, another key performance indicator, also appreciated by 0.72 per cent to close at 24,963.99 points from 24,784.85 points.

The improvement on equities’ value was brought about by gains on the share prices of major blue chip companies, led by Chemical and Allied Products Plc, with a gain of N1.50 to close at N33.00 per share, Cadbury Nigeria Plc followed with a gain of N1.35 to close at N28.35 per share and Flour Mills Nigeria Plc garnered N1.00 to close at N76.00 per share.
Other share price gainers include: Dangote Sugar Refinery Plc N0.62, National Salt Company Nigeria Plc N0.36, Dangote Flour Mills Plc N0.30, First Bank of Nigeria Plc N0.30, Guaranty Trust Bank Plc N0.30, Skye Bank Plc N0.30,Costain (West Africa) Plc N0.27, among others.

Conversely, Nigerian Bottling Company Plc led 19 other stocks on the losers’ table, dropping by N1.40 to close at N31.00, Lafarge Cement WAPCO Plc followed with a loss of N0.47 to close at N40.53 per share and Unilever Nigeria Plc dipped by N0.34 to close at N23.66 per share.

Other share price losers include: Presco Plc N0.28, Vitafoam Nigeria Plc N0.27, Tripple Gee and Company Plc N0.21, Jos International Breweries Plc N017, C & I Leasing Plc N0.16, Ecobank Nigeria Plc N0.15, Fidelity Bank Plc N0.11, among others.

Equities trading appreciated by 29.61 per cent as a turnover of 347.90 million shares valued at N2.208 billion in 6,596 deals, in contrast to yesterday’s turnover of 268.41 million shares valued at N2.351 billion in 6,914 deals.

The Banking sub-sector enjoyed the most patronage on the sectorial analysis, accounting for 68.78 per cent of the market turnover, with 239.29 million shares valued at N1.28 billion in 3,473 deals.

BankPHB Plc was the most active in the sub-sector trading 78.32 million shares valued at N112.86 million in 114 deals, Sterling Bank Plc followed with the exchange of 41.82 million shares valued at N87.87 deals in 61 deals and Zenith Bank Plc recorded 22.03 million shares valued at N275.58 million in 452 deals.

The Conglomerates followed on the sectorial analysis, accounting for 7.18 per cent of the market turnover with 24.99 million shares valued at N144.67 million in 254 deals.  Transnational Corporation led the sub-sector trading 20.81 million shares valued at N10.40 million in 20 deals, Unilever Nigeria Plc followed with the exchange of 1.90 million shares valued at N45.07 million in 86 deals and UAC Nigeria Plc recorded 1.63 million shares valued at N68.36 million in 76 deals.


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