Industrial, Banking, Consumers Goods stocks lift NSE Index by 65 bases points

Nigeria Stock Exchange Market

The Nigerian equities market, on Thursday rose by 65 bases points, bps on renewed bargain hunting activity with the Nigerian Stock Exchange, NSE recording 23 gainers against 20 losers.

At the end of trades, the Year to date, YtD loss of the NSE All Share Index decreased to 1.30 percent while market capitalisation increased by ₦88 billion to close at ₦13.672 trillion against ₦13.584 trillion on Wednesday.

Shares of Cement Company of Northern Nigeria Plc, United Bank for Africa, UBA Plc and Nigerian Breweries Plc , NB drove the NSE Industrial, NSE Banking and NSE Consumer Goods Indexes higher by 1.25%, 0.25% and 0.15% respectively.

Further review of the market shows that Dangote Cement topped the gainers’ table with ₦5.00 per share to close at ₦228 per share.

Nigerian Breweries followed with a gain of ₦2.00 per share to close at ₦113.00 per share, while Cement Company of Northern Nigeria appreciated by ₦1.10 per share to close at ₦24.30 per share.

Julius Berger grew by 90kobo to close at ₦28.95 per share, while Dangote Sugar increased by 65kobo to close at ₦19.00 per share.

On the other hand, Mobil Oil Plc recorded the highest loss for the day, dropping by ₦15.00 per share to close at ₦175.00 per share.

Flour Mills came second with ₦1.75 per share to close at ₦31.00 per share, while International Breweries was down by ₦1.35 per share to close at ₦4.00 per share.

UACN declined by 35kobo to close at ₦13.55 per share, while NEM Insurance lost 30kobo per share to close at ₦3.10 per share.

However, the volume of shares traded dropped marginal with an exchange of 503.12 million shares valued at ₦5.89 billion achieved in 3,710 deals.

This was lower when compared with a turnover of 505.74 million shares worth ₦3.13 billion transacted in 3,354 deals on Wednesday.

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