Nigerian stocks extend 3-day winning streak

Nigerian stocks extend 3-day winning streak

Nigerian stocks extended a three-day rally on Thursday, after Nestle Plc, Total Plc, and Seplat Petroleum Development Company Plc, led gains.

At the close of trading on the Nigerian Stock Exchange (NSE), 22 stocks advanced against 15 losers.

The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 0.72 percent or 201.19 points, while the Year-to-Date (YtD) return stood at 4.49 percent.

The All Share Index closed at 28,101.68 points against the preceding day close of 27,900.44 points, while the equities market capitalization closed at N9.714 trillion as against preceding day close of N9.644 trillion.

The volume of stocks traded stood at 353.144million while the total value of stocks traded in 4,034 deals was N9.162biliion.

The financial services sector led the activities chart, as Zenith Bank Plc traded with 63.27million shares exchanged for N1.12billion; followed by FBN Holding Plc with 35.74million shares traded for N143.72million.

Stock traders exchanged Transnational Corporation of Nigeria Plc 30.52million shares worth N35.70million; followed by United Bank For Africa Plc’s 30.07million units worth N209.88million; while they exchanged Diamond Bank Plc 23.35million valued at N21.95mllion.

Nestle Nigeria Plc led the list of advancers after gaining N9.95, from N825.05 to N835, while Total Nigeria Plc followed with N5 gain from N265 to N270.

The shares of the Seplat Petroleum Development Company Plc gained N4.2, from N345.8 to N350, Guaranty Trust Bank Plc rallied from N30.7 to N31.6 adding 9kobo; while Zenith Bank Plc gained 87kobo, from N17.1 to N17.97.

On the laggard table, Mobil Oil Nigeria Plc share price dipped most, from N332 to N315.4, down by N16.6; Nigeria Breweries Plc followed from N148 to N145.24, down by N2.76kobo, Cement Company of North Nigeria Plc lost 22kobo, from N5 to N4.78; Flour Mills Nigeria Plc lost 15kobo from N19.45 to N19.3 while NASCON Allied Industries Plc lost 11kobo from N8.5 to N8.39.

 

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