Stock market returns to bullish trend, gaining N158bn

By Amaka Ifeakandu Lagos

Trading activities on the fl oor of Nigerian Stock Exchange yesterday returned to bullish trend as the two key market indicators appreciated by 1.38 per cent. Th e NSE All Share Index increased by 456.35 basis point to 33598.20 points

from 33141.85 reported on Tuesday. Also, market capitalisation of listed equities grew by N158 billion to Nl1.618 trillion from N11.460 trillion recorded the previous day. Investors traded759.046 million shares worth N6.295 billion in 7357 deals against 410.223 million shares valued at N5.545 billion in 6167 deals. Th e result showed that Seplat Petroleum Development Company led gainers table for the day, increasing by N5.50 kobo to close at N465.51 kobo, Unilever Nigeria Plc followed with a gain of N3.70 kobo to close at N40.70 kobo, Okomu oil added N3.18 kobo to close at N66.84 kobo, Nigerian Breweries appreciated by N2.90 kobo to close at N160.00, Presco Plc advanced by N2.74 kobo to close at N68.89 kobo. On the contrary, 7UP Bottling Company recorded the highest loss during the day, shedding N4.20 kobo to close at N90.30 kobo, Forte Oil trailed with a loss of N2.00 to close at N56.00, International Breweries down by N1.44 kobo to close at N28.56 kobo, PZ Industry declined by N0.92 kobo to close at N22.08 kobo while UAC of Nigeria Old sheds N0.38 kobo to close at N17.62 kobo.

Further analysis showed that FBNHoldings recorded the highest volume of activities for the day, exchanging 106.364 million shares worth N727.100, Transnational Corporation of Nigeria traded 99.788 million shares valued at N186.991 million, Lasaco Insurance sold 99.753 million shares cost N49.876 million, Access Bank exchanged 76.467 million shares cost N767.050 million and Zenith International Bank 61.129 million shares valued at N1.306 billion.

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