Capital market indicators up by 0.30%

The market indicators of the Nigerian Stock Exchange rallied on Wednesday by 0.30 per cent due to price gains by some blue chips after five days of steady decline. The index rose by 111.01 points to close at 37,135.73 against 37,024.72 posted on Tuesday. Also, the market capitalisation appreciated by N36 billion or 0.30 per cent to close higher at N11.93 trillion from the  N11.89 trillion achieved on Tuesday.

Total topped the gainers’ table, gaining N4.90 to close at N169.90 per share. Unilever came second on the gainers’ chart with N4.80 to close at N64.80, while Nigerian Breweries rose by N4.46 to close at N154.66 per share. GT Bank gained N1.03 to close at N26, while Ashaka Cement chalked up N1 to close at N26.50 per share. On the other hand, Dangote Cement led the losers’ table, losing N4 to close at N195 per share.

Nestle trailed with a loss of N2 to close at N991, while Oando lost 31k to close at N13.19 per share. NAHCO and Evans Medical dipped  by 30k each to close at N6.42 and N3 per share, respectively. In all, volume of shares traded rose by 29.36 per cent as 347.78 million shares worth N5.27 billion were traded in 6,281 deals. This was against the 268.85 million shares valued at N3.49 billion traded in 6,500 deals on Tuesday.

Transcorp emerged the most traded stock, accounting for 66.04 million shares worth N76.93 million. It was followed by Zenith Bank with 30.52 million shares valued at N641.87 million, while FBN Holdings sold 23.55 million shares worth N435.95 million. Fidelity Bank traded a total of 21.70 million shares valued at N67.15 million, while GT Bank sold 20.44 million shares worth N531.32 million.