TRADING activities on the Nigeria Stock Exchange sustained its bullish trend yesterday, despite price loses that outweighed gains, which resulted to a further increase in market capitalisation by N6 billion.

Specifically, 28 stocks appreciated in price, led by PZ Cussons Plc, which added 162 kobo, to close at N34.07 per share while CAP Plc followed, with 152 kobo, to close at N31.92 per share.

GlaxoSmithKline Consumer Plc, Nigeria Breweries Plc, First City Monument Bank Plc, United Bank for African Plc, Fidson Healthcare Plc and Guaranty Trust Bank Plc added 81 kobo, 72 kobo, 38 kobo, 14 kobo, 13 kobo and 10 kobo to close at N30.00, N70.30, N8.04, N10.99, N3.00 and N17.10 per share.
Other gainers’ of yesterday’s transactions include Skye Bank Plc, Bank PHB Plc, AIICO Insurance Plc, Niger Insurance Plc, Ashakacement Plc, Beco Petroleum Plc, First Inland Bank Plc, FTN Cocoa Plc, Spring Bank, Tantalizers Plc, Union Homes Plc, Fidelity Bank Plc and Livestock Plc, adding ten kobo, seven kobo, six kobo, five kobo, five kobo, four kobo, three kobo, three kobo, three kobo, three kobo, three kobo, two kobo and two kobo, to close at N7.40, N1.56, N1.26, N1.20, N19.15, N0.84, N0.63, N0.73, N0.66, N0.80, N0.68, N2.54 and N0.60 per share.

However, 32 stocks constituted the losers’ table, as Cadbury Nigeria Plc topped the day’s losers’ table with 40 kobo, to close at N29.00 per share. Dangote Sugar Refinery Plc followed with 29 kobo, to close at N18.50 per share.

West African Portland Company Plc, Union Bank of Nigeria Plc, Ecobank Plc, Union Dicon Plc, Honeywell Flourmills Plc, Constain West Africa Plc, Juli Plc, Access Bank Plc, Air Service Plc, C&L leasing Plc, Afribank Plc, Starcomms Plc, Cement Company of Northern Nigeria Plc, Nigerian Bag Manufacturing Plc, Continental Reinsurance Plc, Japaul Oil & Maritime Plc, Oceanic Bank Plc, IPWA Plc, WEMA Bank Plc, Big Treat Plc, Diamond Bank Plc, Charms Nigeria Plc, Custodian and Allied Insurance Plc, Oasis Insurance Plc, Union Diagnostic Plc, Vono Nigeria Plc and Omatek ventures Plc also shed 25 kobo, 24 kobo, 23 kobo, 22 kobo, 19 kobo, 17 kobo, 16 kobo, 15 kobo, 12 kobo, 12 kobo, 11 kobo, ten kobo, ten kobo, nine kobo, six kobo, six kobo, six kobo, five kobo, five kobo, three kobo, two kobo, two kobo, two, two kobo, two kobo, two kobo and two kobo respectively to close at N40.00, N5.65, N4.60, N4.22, N6.41, N6.45, N3.05, N9.20, N2.46, N2.84, N2.21, N2.00, N16.80, N2.61, N1.21, N1.48, N1.99, N0.99, N1.10, N0.67, N7.64, N0.57, N3.38, N0.53, N0.65, N0.50 and N0.56.

As usual, the banking sub-sector remains the most active stock in volume in volume terms with 196.5 million shares worth N1.6 billion in 4,210 deals. The insurance sub-sector followed with 52.6 million units, worth N39.1 million while the conglomerates sub-sector followed with 25.7 million worth N423 in 325 deals.

Transactions in the shares of First Bank of Nigeria Plc enhanced activities in the banking sub-sector worth 21.5 million shares worth N301 million in 785 deals followed by Access Bank Plc, which traded 20.9 million units, valued at N193.9 million in 276 deals.

Transactional Corporation 15.1 million shares worth N7.5 million lifted activities in the conglomerate sub-sector while UACN Plc’s 6.8 million units worth N306.5 million followed in 101 deals.

The insurance sub-sector was strengthened by activities in the shares of Mutual Benefits Assurance Plc, which traded 20.1 million shares worth N10 million in 11 deals.
In all 324.6 million shares worth N3.1 billion was exchanged by investors in 6,979 deals.


Culled from The Guardian