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NSE ASI sustains gains, up 2.18%

The Nigerian Equities Market continued on a positive trajectory previous day’s gains as All Share Index (ASI) further gained 2.18 percent or 616.86 points to close at 28,877.47 points compared to 3.78 percent or 1,029.11 points gained last session to close at 28,260.61.

All Sectoral indices similarly finished the day on a positive note except the NSE Premium Index which sustained a loss of 0.27 points due to a 1.8 percent depreciation of Dangote Cement’s stock.

Market Capitalisation however surged by N211.9 billion to close at N9.92 trillion compared to the increase of N353.4 billion to close at N9.7 trillion gained in the previous day’s trading session.

Guinness Nigeria Plc led the day’s 49 gainers with an increase of 10.25 percent or N10.23 to close at N110.08 per share, Oando added 10.11 percent or 67kobo to close at N7.30 per share, Union Bank of Nigeria grew by 9.96 percent or 51 kobo to close at N5.63, Diamond Bank added 9.95 percent or 21 kobo to close at N2.32 per share and UBA Capital appreciated by 9.63 percent or 21 kobo to close at N2.39 per share.

Conversely the day’s 6 decliners were topped by A.G. Leventis with a loss of 5 percent or 5 kobo to close at 95 kobo per share. Learn Africa followed with a decline of 3.95 percent or 3 kobo to close at 73 kobo per share, while Fidson Health Care lost 3.64 percent or 8 kobo to close at N2.12 per share. 7up dropped by 1.77 percent or N2.50 to close at N138.50 per share and Dangote Cement depreciated by 1.08 percent or N1.92 to close at N175.08 per share.

Top three traders for the day in volume terms were UBA which exchanged 101.9 million shares worth N537.2 million, Fidelity Bank which traded 75.9 million shares worth N103.4 million shares and FBN Holdings which sold 72.7 million shares valued at 318.1 million.

At the end of the day’s trading, investors had exchanged a total of 651 million shares valued at N5 billion in 5,796 deals compared to 474.4 million shares valued at N3.5 billion exchanged in 5,260 deals previously.

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