Market recovers from slight loss

Figures from the trading floor at the Nigerian Stock Exchange (NSE) on Thursday show that the market indices recovered from the slight drop experienced on Wednesday, while market capitalisation also appreciated.

The market capitalisation added N25 billion to stabilise on the N14 trillion mark it hit on Monday, closing at N14.094 trillion, compared with the opening capitalisation of N14.069 trillion.

The All-Share Index also added 77.11 points, which is 0.18 per cent, to close at 42,686.58 points, as against the 42,609.375 points recorded on Wednesday.

Dangote Cement led the gainers’ table, adding N4.50 to close at N244.50 per share.

Guinness followed with a gain of N2.19 to close at N194.21, while Wapco grew by N1.98 to close at N112.98 per share.

Unilever also improved by N1.00 to close at N55.00, while Okomu Oil appreciated by N0.60 to close at N33.00 per share.

On the other hand, Nestle recorded the highest price loss, shedding N55.00 to close at N1,090.00 per share.

Mobil trailed with a loss of N2.25 to close at N135.06, while Ucan dipped by N1.85 to close at N66.00 per share.

CAP also lost N1.51 to close at N38.50, while Ashaka Cement depreciated by N0.50 to close at N28.15 per share.

In all, investors staked N8.355 billion on 570.8 million shares in 5,224 deals, against Wednesday’s trading where investors bought 388.9 million shares worth N4.477 billion traded in 5,488 deals.

FBN Holdings was the most active stock, accounting for 287.9 million shares worth N4.65 billion.

Zenith Bank came second with 65 million shares valued at N1.63 billion, while Fidelity Bank sold 54.4 million shares worth N109.3 million.

Transcorp accounted for 24.4 million shares valued at N127.5 million, while NEM traded 14.3 million shares worth at N12.05 million.