Investors stake N5.9bn on shares

Investors yesterday traded 375.399 million shares worth N5.935 billion in 4004 deals. This is against 227.654 million shares valued at N9.092 billion in exchanged by investors the previous day in 4234 deals. The trading result showed that the market capitalisation of the listed equities improved further by N89 billion or 0.73 per cent to N12.237 trillion from N12.148 trillion recorded on Wednesday. Also the Nigerian Stock Exchange All Share Index grew by 277.32 basis points to 38097. 54 points from 37820.22 traded the previous day. An analysis of the transactions for the day showed that Dangote Cement led the gainers table, appreciating by N5.00 to close at N235.00, Guinness Nigeria Plc followed with a gain of N4.00 to close at N185.00 while Cadbury Nigeria Plc and UPDC Reit and UAC Property gained N2.00, N1.02 kobo and N1.00 respectively to close at N80.00, N11.02 kobo and N21.00. Flour Mills Nigeria Plc on the other hand topped losers chart, shedding N2.25 kobo to close at N65.00, LarfargeWapco trailed with a loss of N1.10 kobo to close at N109.50 kobo while OandoPlc loss N0.65 kobo to close at N16.91 kobo. Others companies that depreciated in price were Berger Paint and Ecobank Transnational Incorporated ETI which loss N0.48 kobo and N0.31 kobo respectively to close at N9.12 kobo and N13.00. Hallmark Insurance was the most active stock for the day, trading by 65.000 million shares valued at N32.500 million, ETI followed by 53.026 million worth N689.706 million while Sterling Bank traded 42.737 million shares cost N108.604 million. Access Bank sold 36.826 million shares worth N276.399 million and Zenith International Bank traded 33.960 million worth N669.903 million.