Nigeria Stock market: Capitalisation up by N14bn

Trading on the Nigerian Stock Exchange resumed Tuesday on a bullish note, after a one day public holiday declared by the Federal Government to commemorate Workers’ day.

However, the valued of listed activities represented by the market capitalisation appreciated by N14.03 billion.

Specifically, the market capitalisation  rose by 0.18 per cent to close at N8.014 trillion from N8.000 trillion at which opened.  The All-Share Index gained 43.91 basis points or 0.18 per cent to close at 25,085.59 points, from 25,041.68 points

The banking sub-sector maintained its lead on the activity chart, accounting for 80 per cent of the market turnover with 204.86 million shares valued at N1.805 billion exchanged by investors in 3,594 deals.  United Bank of Africa Plc enjoyed the highest patronage in the sub-sector trading 53.69 million shares valued at N310.49 million in 455 deals, First Bank of Nigeria Plc followed with the exchange of 42.58 million shares valued at N581.71 million in 915 deals and Guaranty Trust Bank Plc recorded 22.60 million shares valued at N369.68 million in 762 deals.

The Conglomerate sub-sector trailed on the sectorial analysis accounting for 4.94 per cent of the market turnover with 12.68 million shares valued at N99.14 million in 206 deals.

Transnational Incorporation Plc recorded the most transaction in the sub-sector trading 8.44 million shares valued at N10.46 million in 34 deals, Unilever Nigeria Plc followed with the exchange of N2.10 million shares valued at N54.86 million in 63 deals and AG Leventis Nigeria Plc recorded 1.26 million shares valued at N2.74 million in 17 deals.

Four of the sectoral indices closed positive as NSE 30 which basically measures the performance of blue chips in the market gained by 0.23 per cent, NSE Banking appreciated by by 0.82 per cent, NSE Food & Beverages garnered 0.20 per cent while NSE Oil & Gas recorded dropped by 1.90 per cent.

Neimeth International Pharmacy Plc recorded the highest price appreciation on the gainers table, rising by five per cent or N0.07 to close at N1.47 per share, Custodian and Allied Insurance Plc followed with  five per cent or N0.15 to close at N3.15 per share and Berger Paints Plc garnered N0.59 to close at N4.96 per share.

Other share price gainers include: Cement Company of Northern Nigeria Plc N0.50, Oceanic Bank International Plc N0.08, AG Leventis Plc N0.10, Capital Hotel Plc N0.15, Stanbic IBTC Bank Plc N0.45, Wema Bank Plc N0.05, Fidson Healthcare Plc N0.09, among others.

On the contrary, Glaxo SmithKline Consumer Nigeria Plc led the price losers, shedding 4.9 per cent or N1.26 to close at N24.13 per share, Paints and Coatings Manufacturers Plc N0.12 to close at N2.32 per share and Eterna Oil Plc dipped by N0.24 to close at N4.68 per share, among others.

other share price losers include: International Breweries Plc N0.29, Ikeja Hotel Plc N0.07, PZ Cussons Plc N1.50 per share, Abbey Building Society Plc N0.07, Transnational Incorporation Plc N0.06, Starcomms Plc N0.04, Union Homes and Savings Plc N0.03, among others.