Major stocks rally in Lagos

Major stocks rally in Lagos

Friday, February 20, 2015 6:58 pm

Market indicators at the Nigerian Stock Exchange (NSE) on Friday recorded further appreciation, improving by 0.35 per cent as a result of price rally sustained by major companies.

The All-Share Index rose by 101.89 points or 0.35 to close at 29,383.93 against 29,282.04 posted on Thursday.

The market capitalisation, which opened at N9.770 trillion, gained N34 billion or 0.35 per cent to close at N9.804 trillion due to price gains by some blue chip equities.

An analysis of the price movement chart indicated that Seplat topped the gainers’ chart, gaining N8.73 to close at N445.53 per share. Presco garnered N2.98 to close at N32.38, while Ashaka Cement rose by N1.76 to close at N18.98 per share. Okomu Oil increased by N1.69 to close at N35.58, while Flour Mill improved by N1.48 to close at N31.48 per share.

Conversely, Cadbury led the losers’ chart with a loss of N4.18 to close at N38.8 per share. It was followed by Forte Oil with a loss of N1.6 to close at N220.4 per share, while Unilever depreciated by N1.44 to close at N32.56 per share.
Dangote Cement lost N1 to close at N152.2, while Champion depreciated by 35k to close at N5 per share.

UBA emerged the most traded equity, accounting for 47.21 million shares worth N153.04 million. FBN Holdings trailed, recording a turnover of 38.53 million shares valued N282.49 million, while Access Bank sold 34.12 million shares worth N191.95 million.

GTBank exchange 22.55 million shares valued N461.59 and investors in UACN staked N613.56 million on 18.05 million shares

In all, a total of 277.75 million shares worth N6.57 billion were traded by investors in 3,714 deals against the 564.28 million shares valued at N6.08 billion traded in 4,385 deals on Thursday

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