NSE sustains bullish trend as Nigerian Breweries, Guinness, 28 others spur gains

by Hezron Atunde

August 2, 2017 | 4:01 pm
  |     |     |   Start Conversation

At the close of trading on Wednesday the Nigerian Stock Exchange (NSE) further extended gains on investments as value of stocks increased lead to 0.50 percent growth in the market All Share Index which represent 184.44 points. The upturn was largely boosted by value appreciation recorded in some stocks such as: Nigerian Breweries Plc and Guinness Nigeria Plc, as 30 stocks advanced against 18 losers.

At the close of trading on the Nigerian stock exchange (NSE) Stocks value added N64.382 billion yesterday as the Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 0.50 percent or 184.44 points, while the Year-to-Date (YtD) return stood at 37.32 percent.

The All Share Index closed at 36,905.06 points against the preceding close of 36,720.62 points, while the equities market capitalization closed at N12.720 trillion as against preceding day close of N12.655 trillion. The volume of stocks traded increased stood at 215.013 million while the total value of stocks traded in 4,047 deals was N3.777 billion.

Transnational Corporation of Nigeria Plc led Tuesday’s activities chart as 34.784 million of the corporation’s shares valued at N49.669 million were traded. Fidelity Bank Plc traded with 29.968 million shares exchanged for N39.026 million; followed by FBN Holdings Plc with 28.819 million shares traded for N173.296 million. Stock traders exchanged Zenith International Plc’s 25.604 million shares worth N641.472 million; while they exchanged Guaranty Trust Bank Plc’s 20.995 million shares valued at N815.330 million.

Nigerian Breweries Plc led the list of advancers after gaining N4.24 from N167.01 to N171.25, while Guinness Nigeria Plc followed with N3.32 gain from N66.55 to N69.87 The shares of the Lafarge Africa Plc gained N2.75 from N55 to N57.75. Nestle Nigeria Plc rallied from N1025 to N1026.42 adding N1.42; while Flour Mill of Nigeria Plc gained N1.2, from N28 to N29.2.

On the laggard table, Seplat Petroleum Development Company Plc share price dipped the most, from N488 to N470.1, down by N17.9; Mobil Oil Nigeria Plc followed from N253 to N240.65, down by N12.35, Total Nigeria Plc lost N8.5, from N270 to N261.5; Okomu Oil Palm Plc also lost 3.8 from N76.95 to N74.5 while Presco Plc lost N2.45 from N76.95 to close at N74.5.
 Hezron Atunde

by Hezron Atunde

August 2, 2017 | 4:01 pm
  |     |     |   Start Conversation

Big Read |  


What Nigeria must do before signing AfCFTA

Nigeria’s President Muhammadu Buhari last Wednesday gave a hint that he would sign the African Continental Free Trade Area (AfCFTA)...

MTN Banner ADS 2

Top Stories


Newsletter Funds