Lagos bourse gains N45b from Dangote, NB, Okomu oil

Lagos bourse gains N45b from Dangote, NB, Okomu oil

Wednesday, March 9, 2016 6:55 pm

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday appreciated by N45 billion or 0.51 per cent, reversing Tuesday’s negative trend.

The market capitalisation closed higher at N8.904 trillion against N8.859 trillion posted on Tuesday due to gains by highly capitalised stocks.

Also, the All-Share Index rose by 130.30 points or 0.51 per cent to close at 25,885.31 in contrast with 25,755.01 achieved on Tuesday.

Okomu Oil Palm recorded the highest gain to lead the gainers’ chart, growing by N1.50 to close at N31.50 per share.
Nigerian Breweries came second having garnered 96k to close at N97, while Dangote Cement appreciated by 88k to close at N164 per share.

Unilever gained 50k to close at N28, while Lafarge Africa also increased by 50k to close at N85.50 per share.

On the other hand, Beta Glass topped the losers’ table with a loss of N2.50 to close at N47.50 per share.
PZ Industries dipped 50k to close at N24.70, while Nigeria-German lost 24k to close at N4.67 per share.
Custodian and Allied Insurance shed 10k to close at N3.80 and ETI also lost 10k to close at N18 per share.

A total of 214.95 million shares valued N1.35 billion were exchanged by investors in 3,327 deals.

This was in contrast with 233.43 million shares worth N1.42 billion traded in 3,224 deals on Tuesday.

FCMB Group was the toast of investors as they staked N28.21 million on 34.42 million shares traded in 166 deals.

It was trailed by Fidelity Bank with 27.77 million shares worth N31.97 million achieved in 101 deals, while FBN Holdings sold 18.82 million shares valued N69.54 million traded in 345 deals.

Zenith Bank accounted for 14.14 million shares worth N175.27 million exchanged in 299 deals and UBA transacted 13.62 million shares valued N46.94 million in 238 deals.

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