Stock Market reopens Bullish with N229 Billion Gain

Transactions on the equity sector of the Nigerian Stock Exchange (NSE), yesterday, re-opened in an upbeat note, as most blue-chip stocks recorded price appreciation, causing market capitalisation to rise further by N229 Billion.

Specifically, at the close of trading, the All-Share Index increased by 637.7 points to 43,513.93 points from 42,876.23 points recorded on Friday.

Also, the market capitalisation of listed equities improved by N229 Billion or 1.5 per cent from N15.4 Trillion to N15.6 Trillion.

About 32 stocks appreciated in price as Seplat  topped the gainers’ chart with N59.90 to close at N760 per share, while Total followed with N11.50 to close at N254 per share.

Dangote Cement appreciated by 10 kobo to close at N275 per share; Presco gained N5.25 to close at N78 per share; and Betaglas garnered N3.60 to close at N75.70 per share.

Also, Unilever added N2.55 to close at N54.10 per share; Guaranty Trust Bank gained 0.85 kobo to close at N49.35 per share; while Caverton garnered 0.22 kobo to close at N2.43 per share.

Similarly, WAPCO appreciated by 0.20 kobo to close at N51.20 per share; Access Bank gained 0.15 kobo to close at N13.45 per share; while Fidelity Bank and Vitafoam added 0.14 kobo to close at N2.94 and N2.99 kobo per share respectively. NEM garnered 0.11 kobo.

On the other hand, 25 stocks constituted the losers’ chart, as Mobil led others with N2 to close at N175 per share, while Guinness followed with N1.70 to close at N98 per share. Nigerian Breweries lost N1.10 to close at N129.90 per share.

Flourmills also joined the losers’ chart, depreciating by 0.55 kobo to close at N33.05 per share, while Zenith Bank dropped 0.45 kobo to close at N31.10 per share. PZ Cussons lost 0.30 kobo to close at N23 per share.

Also, Eterna Oil lost 0.23 kobo to close at N5.67 per share, while FBN Holdings and United Bank for Africa trailed by 0.15 kobo to close at N11.25 and N12.60 per share respectively.

Guaranty Trust Bank dominated in volume terms with 45 million shares worth N2.2 billion, while Access Bank accounted for 28 million units worth N383 million and FBN Holdings traded 25 million shares worth N292 million.

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