NSE index up 1.11% as Dangote Flour, 7UP, Learn Africa emerge top gainers


The Nigerian Stock Exchange All Share Index maintained previous session’s positive run Thursday adding 1.11 percent or 283.49 points to close at 25,755.18 points.

The overall value of the stock market measured by the market capitalization also increased by 1.11 percent or N98.1 billion to close at N8.911 trillion, bringing the year to date losses lower at -4.11 percent.

Dangote Flour led 19 gainers with an increase of 9.76 percent to close at N4.16, 7up came second on the gainers list with a 9.40 percent increase to close at N104.90 while Learn Africa added 7.50 percent to close at 86 kobo.

Oando’s share price appreciated 7.27 percent to close at N6.20 per share, while Honeywell Flourmills closed the day 5 percent higher at N1.05 per share.

On the flip side Conoil topped the day’s 18 losers  by 5 percent to close at 91 kobo per share, Jaiz Bank followed with a depreciation of 4.96 percent to close at N1.15 per share, May&Baker dropped 3.30 percent to close at 88 kobo, United Capital shed 3.01 percent to close at N2.90 per share and Redstar Express fell 2.49 percent to close at N4.30 per share.

The volume and value of equities traded by investors also maintained positive momentum with an increase of 52 percent and 33 percent respectively.

Investors in 3,339 deals, traded a total volume of 241.6 million shares valued at N1.5 billion in contrast to 158.7 million shares valued at N1.13 billion traded in 3,048 deals previously.

FBN Holdings emerged Thursday’s topmost traded stock with the trade of 63.7 million shares worth N197.3 million, the stock was closely followed by Fidelity Bank that exchanged 43.6 million shares wort N34.8 million while United Capital bagged the day’s third most traded stock with 23.9 million shares sold at N69.9 million.

Zenith Bank exchanged 15.3 million shares valued at N221.8 million while CI Leasing sold traded 15.0 million shares at N8.0 million.