Equities market appreciates by 0.66%


By Philemon Adedeji

The Nigeria stock market which has been closing on negative performance for days ago, turned green yesterday due to turn up that occurred in some stocks like Livestock, MRS oil, Dangote cement and others.

The Nigeria Exchange Limited All Share index  appreciated by 335.01 basis points representing 0.66 per cent to close trade at 51,091.75 index points from 50756.74 index points it closed trade on Tuesday.

Similarly, market capitalisation value grew to N181 billion or 0.66 per cent to close trade at N27.544 trillion N27.363 trillion it gained at the close of transaction yesterday.

In all, trade volume declined yesterday to 51.6 per cent to 166,969,136 million share from 345,004,508 million share valued by N2.739 billion and exchanged in 4,398 deals

From the release of NGX, Livestock came as  most price gainer which rose by 10 per cent increased to close trade at N1.32 per share, as MRS oil followed with appreciation of 1.45 kobo representing 9.80 per cent to close trade at N16.25 per share.

Dangote cement which recorded as the third best advancer grew by 8.30 per cent to close trade at N270 per share and Nigerian Aviation handling company up by 0.60 kobo increased to close at N8.40 per share and Royalex exchange emerged as the last fifth gainer grew by 0.05 kobo increased to close trade at N0.95 per share

On the losers chart, Learnafrica and Buafoods emerged as the most losers which declined by 10 per cent each to close trade at  N2.25 and N49.50 per share respectively.

Japaulgold which recorded as the third best decliners depreciated by 9.68 per cent or 0.63 kobo to close trade at N0.28 per share as Glaxosmith dipped by 9.22 per cent to close trade at N6.40 per share and Nascon which emerged as the last fifth decliner dropped by 8.56 per cent to close trade at N11.75

Transaction in the share of Transcorp led the volume chart with 19.338 million share worth N24.391 million, as United Bank of Africa traded 17.589 million share value at N131.213 million.

Guaranty trust holding company sold N17.807 million share value at 365.183 million, Followed by Zenith bank which traded 12.807 million share worth N281.888 million and First bank holding of Nigeria accounted 11.334 million share value at N95.428 million.

In yesterday trading, Transcorp recorded as the most traded stock in terms of volume while Guaranty trust holding company led in terms of value.