Nigerian Stock Exchange

July 23, 2018

NSE Index rises by 0.30% amidst gains by blue chips

NSE Index rises by 0.30% amidst gains by blue chips


By Peter Egwuatu
Equities trading on the Nigerian Stock Exchange, NSE started on Monday with a rise of 0.30 percent amidst gains by some blue chip companies across the sub sectors.

NSE moves 403.14m shares worth N9.14bn

Dangote Cement Plc topped the gainers’ chart, following the release of its six months unaudited result for the period ended June 30, 2018.
Dangote Cement garnered N1.30 per share to close at N236 per share, followed by Guaranty Trust Bank with 80 kobo per share to close at N38.80 per share , while NASCON appreciated by 55kobo to close at N20.80 per share.

CAP increased by 50kobo to close at N35.00 per share , while Nigerian Breweries also garnered 50 kobo to close at N108 per share.
In the same manner, the NSE All-Share Index increased by 108.52 points or 0.30 per cent to close at 36,711.96 compared with 36,603.44 recorded on Friday.

The NSE market capitalisation which opened at N13.259 trillion increased by N39 billion or 0.30 per cent to close at N13.298 trillion.
Conversely, Forte Oil topped the losers’ chart, dropping by N2.70 per share to close at N25.20 per share. Oando trailed with a loss of 40kobo to close at N5.15, while UPL was down by 25kobo to close at N2.30 per share. Stanbic IBTC declined by 25kobo per share to close at N48.55 per share, while Dangote Flour depreciated by 20kobo per share to close at N8.90 per share.

The volume of shares that exchanged hands dropped by 66.72 per cent, while value declined by 43.33 per cent.

Med-View Air Plc was the toast of investors, exchanging 100 million shares worth N214 million. It was followed by Transcorp Plc which recorded 16.15 million shares valued at N19.56 million, while Zenith International Bank Plc recorded 11.29 million shares worth N260.27 million.
File : stock 23/07/18