NSE’s indices appreciate by N69 billion

Following price gains recorded by some highly capitalised stocks, transactions on the trading floor of the Nigerian Stock Exchange closed in an upward note, causing market capitalisation to appreciate N69 billion.

Yesterday, the market capitalisation of listed equities rose by N69 billion or 0.7 per cent from N9,500 trillion recorded on Friday to N9,569 trillion while the All-share index rose by 202.89 points from 27,631.05 to 27,833.89.

On the price movement chart, 16 stocks appreciated in price, as LawUnion &Rock emerged the day’s highest price gainer with 7.27 per cent to close at N0.59 per share. Dangote Cement followed with 6.27 per cent to close at N171.15 per share. Learn Africa added 4.55 per cent to close at N0.69 per share.

Wema Bank, Port Land Paints, Aiico garnered 4.44, 4.22 and 3.26 per cent to close at N0.94,N3.95 and N0.95 per share.
Sterling Bank gained 3.21 per cent to close at N1.93 per share. Oando added 1.53 per cent to close at N5.99 per share.

Other gainers of yesterday’s transactions are Flourmills, adding 1.05 per cent to close at N19.30 per share. TRANSEXPR also added 1.02 per cent to close at N0.99 per share.

On the other hand, Tigerbrands led 29 other on the losers chart with 945 per cent to close at N1.15 per share. Honeywell followed with 9.39 per cent to close at N1.64 per share.
UACN lost 5.00 per cent to close at N24.33 per share. Skye Bank, May&Baker, Continental reinsurance shed 4.97,4.81 and 4.76 per share.

Zenith bank shed 4.74 per cent to close at N15.29 per share. Fidson and Eternaoil dropped 4.71 and 4.61 per cent to close at N2.85 and N1.45 per share

The banking sector remains the most active stock with 42 million shares worth N358million while the insurance sector followed with N8 million units values at N6million

On the whole, investors exchanged 127million shares worth N2.5 billion in 2,434 deals.