Equity kick-start week with N114bn gain, as Dangote Cement top gainers

By Kayode Ogunwale 

 

THE equities segment of the Nigerian stock market closed positive today to kick start the week trading session.
The bourse gained N114 billion or 1.26 per cent to peg the year till date returns to -7.20 per cent.
The index and market capitalization closed at 26,580.22 basis points and N9.146 trillion respectively.
The NSE All Share Index and all sector indices closed upward today save for NSE Consumer Goods and NSE Oil and Gas index which shed points.
Volume of trades declined by 0.56 per cent from 210 million shares traded in the previous session to 209 million shares traded today, while value recorded N1.40 billion as against N1.51 billion, representing 7.41 per cent drop from the previous trading level.
Fidelity Bank Plc topped the volume trading with 33.854 million share valued at N30.201 million, followed by Access Bank Plc with 29.227 million shares amounted to N189.744 million, while United Capital Plc transacted 19.658 million totaling N64.578 million. Also, FBN Holdings Plc traded 16.770 million unit of shares valued at N59.862 million and UBA Plc with total volume of 15.792 million worth N77.182 million.
The market breadth ratio stood to 1.19 indicating 16 decliners as against 19 advancers.
Dangote Cement Plc topped the gainers chart with N2.00 kobo to close at N169.00 kobo per share. Guaranty Trust Bank Plc followed with a gain of N1.06 kobo to close at N24.60 kobo and Total Nigeria Plc with N1.00 kobo gain to end the day with N300.00 kobo per share. Zenith Bank Plc and UAC of Nigeria recorded N0.72 kobo and N0.36 kobo gain to close at N15.49 kobo and N17.00 kobo respectively.
On the other hand, 7-Up Bottling Company Plc led the losers chart with N6.45 kobo to close at N122.55 kobo while Ashaka Cement Plc and Cadbury Nigeria Plc declined by N0.57 kobo and N0.47 kobo separately to close at N11.43 kobo and N9.50 kobo per share respectively.