Equities market gains 0.45%


The Nigerian Stock Exchange equities market segment closed upbeat on Wednesday with the market indicators appreciating by 0.45 per cent.

The market capitalisation added N44 billion or 0.45 per cent to close at N8.765 trillion compared with N8.721 trillion recorded in previous trading session, while the All-Share Index improved by 124.70 basis points to close at 25,331.77 basispoints against 25,207.07 basis points postedon Tuesday.

The volume of shares traded closed higher with an exchange of 322.29 million valued at N1.53 billion transacted in 2,907 deals against the 254.96 million shares worth N2.45 billion achieved in 2,854 deals on Tuesday.

Transcorp recorded the highest percentage increase of 8.54 percent to lead the day’s 15 gainers’, closing at 89 kobo per share.

FBN Holdings followed with a gain of 7.74 percent to close at N3.62 per share, and Diamond Bank added 4.94 per cent to close at 85 kobo per share.

PZ Cussons and Portland Paints also increased 4.57 and 3.85 per cent respectively to close at N14.64 and N1.89.

On the other hand, Honeywell Flour Mills topped 13 losers for the day with a depreciation of 9.26 percent to close at 98 kobo. Okomu Oil trailed with a loss of 5.01 per cent to close at N49.88 per share.

Livestock shed 4.92 percent to close at 58 kobo per share, United Capital lost 3.45 percent to close N2.80 per share while Continental Re-insurance dropped 2.40 percent to close at N1.22

Law Union and Rock Insurance drove the turnover volume exchanging 90 million shares worth N99 million.


It was trailed Diamond Bank with 57.05 million shares valued at N48.31 million, while  Zenith international Bank traded 33.58 million shares worth  N487.38 million.

Other top traders were Transcorp that  exchanged 28.38 million shares valued at N25.27 million and FBN Holdings that sold 21.93 million shares worth N79.02 million


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