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HomeAfricaInvestors stake 10.2 billion naira on equities at Nigerian bourse

Investors stake 10.2 billion naira on equities at Nigerian bourse

Investors at the Nigerian Stock Exchange (NSE) Tuesday s taked 10.2 billion naira on 561.9 million shares traded in 12,706 deals, in cont r ast with the Monday’s deal when they staked 10.8 billion naira on 993.1 million s hares in 11,699 deals.

Market capitalisation increased to 11.09 trillion naira from the previous day’s figure of 10.9 trillion naira. Similarly, the All-share Index moved up to 56,968 . 29 Tuesday from 56,407.80 on which it closed the previous day.

The Banking sub sector returned as leader on the activity chart measured in turn over volume with 281.3 million shares worth 8.42 billion naira in 5,838 deals. T h e shares of Intercontinental Bank Plc led as the most traded with 100.4 million s hares valued at 4.52 billion naira.

PlatinumHabib Bank Plc followed with 48.2 million shares worth 1.2 billion nair a and First City Monument Bank Plc also traded 25 million shares valued N405.6 m i llion naira.

The shares of the three companies boosted the activity in the sub sector.

Insurance sub sector which led on the activity in the past few months followed w ith 199.8 million shares valued at 530.6 million naira in 1,993 deals.

Investment and Allied Assurance Plc recorded the highest traded stocks with 50.5 million shares worth 87.8 million naira.

Universal Insurance Company Plc followed with 43.9 million shares valued at 86.6 million naira and Goldlink Insurance Plc 20.9 million shares worth 58.5 mill i on naira.

Conglomerates sub sector came a distant third on the activity chart with 24.2 mi llion shares valued at 103.3 million naira in 493 deals.

Transnational Corporation of Nigeria (Transcorp) maintained its lead with the hi ghest traded stocks of 22.5 million shares worth 61.9 million naira.

UNILEVER Nig Plc also sold 910,600 shares valued at 19.9 million naira and P.Z. Cussons Nig Plc traded 330,011 shares valued at 8.6 million naira.

Forty-Three stocks appreciated in price at the end of Tuesday’s transactions. Ju st like the previous day.

No company was named under the loser’s table. This is in line with the new polic y which says for any stock to have its price move up or down by 5 per cent, such

stock will have a mandate to sell or buy up to 100,000 units of shares and above .

In the past, for a stock to fall under the gainers’ and losers’ table it must ha ve sold or bought up to 15,000 units.

Benue Cement Co. of Nig led the gainers’ table with N2.42 to close at N50.92, As haka Cement Co. Plc followed with a gain of N1.95 to close at N41.12 and First B a nk of Nigeria Plc closed at N39.88 gaining N1.89 in the process.

Other gainers are PlatinumHabib Bank Plc, Glaxo Smithkline Consumer Plc, Costa in (WA) Plc, Oando Nig Plc, UNILEVER Nig Plc, First City Monument Bank Plc and M a y & Baker Nigeria Plc among others.

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