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Industrial, Banking, Consumers Goods stocks lift NSE Index by 65 bases points

By Peter Egwuatu

The Nigerian equities market, on Thursday rose by 65 bases points, bps on renewed bargain hunting activity with the Nigerian Stock Exchange, NSE recording 23 gainers against 20 losers.

At the end of trades, the Year to date, YtD loss of the NSE All Share Index decreased to 1.30 percent while market capitalisation increased by N88 billion to close at N13.672 trillion against N13.584 trillion on Wednesday.

Nigerian Stock Exchange
Nigerian Stock Exchange NSE

Shares of Cement Company of Northern Nigeria Plc, United Bank for Africa, UBA Plc and Nigerian Breweries Plc , NB  drove the NSE Industrial, NSE Banking and NSE Consumer Goods Indexes higher by 1.25%, 0.25% and 0.15% respectively.

Further review of the market shows that Dangote Cement topped the gainers’ table with N5.00 per share to close at N228 per share.

Nigerian Breweries followed with a gain of N2.00 per share to close at N113.00 per share, while Cement Company of Northern Nigeria appreciated by N1.10 per share to close at N24.30 per share.

Julius Berger grew by 90kobo to close at N28.95 per share, while Dangote Sugar increased by 65kobo to close at N19.00 per share.

On the other hand, Mobil Oil Plc recorded the highest loss for the day, dropping by N15.00 per share to close at N175.00 per share.

Flour Mills came second with N1.75 per share to close at N31.00 per share, while International Breweries was down by N1.35 per share to close at N4.00 per share.

UACN declined by 35kobo to close at N13.55 per share, while NEM Insurance lost 30kobo per share to close at N3.10 per share.

However, the volume of shares traded dropped marginal with an exchange of 503.12 million shares valued at N5.89 billion achieved in 3,710 deals.

This was lower when compared with a turnover of 505.74 million shares worth N3.13 billion transacted in 3,354 deals on Wednesday.

 


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