News Column

NSE Cap Now N13.98 Trillion, As Mobil Leads Gainers

August 6, 2014

Bamidele Ogunwusi

Trading on the floor of the Nigerian Stock Exchange (NSE) on Wednesday continued its northward movement when equities capitalisation closed higher at N13.980 trillion after it appreciated by N15.489 billion as against N13.965 trillion it recorded on Tuesday.

The All-Share Index grabbed 46.91 basis points or 0.11 per cent to close at 42,339.84 points as against 42,292.93 points it closed at the end of the previous day's trading.

Stockbrokers at The Nigerian Stock Exchange, however, crossed a total of 323.913 million shares valued at N4.874 billion in 5,736 transactions as against 257.005 million shares valued at N3.635 billion in 5,788 transactions recorded on Tuesday.

Investors also bought and sold a total of 231.591 million shares valued at N2.569 billion in 2,968 deals belonging to the financial service sector as against 173.489 million shares valued at N1.681 billion in 2,792 deals recorded on Tuesday.

However, 19 companies made it to the gainers' table at the close of trading on Wednesday as against 35 on Tuesday; while 383 were on the laggards' table compared to 13 on Tuesday.

Petroleum marketer, Mobil Nigeria, led the gainers' table when it grabbed 413 kobo to close at N173.75 per share; followed by construction major, Julius Berger Nigeria, which gained 200 kobo to close at N65.00 per share, Northern Nigerian Flour Mills, which led then decliners' table on Tuesday, recovered 93 kobo to close at N19.70 per share, Beta Glass collected 81 kobo to close trading at N17.11 per share, while Cement Company of Northern Nigeria notched 77 kobo to close at N14.56 per share.

Ecobank Transnational Incorporated added 72 kobo to its share price, as Guaranty Trust Bank, Nigerian Breweries, Eterna Oil and Gas, and FBN Holdings appreciated by 54 kobo; 50 kobo; 32 kobo and 28 kobo, respectively; amongst others.

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Source: AllAfrica

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