Market index appreciates by 0.1%

Market transactions on the Nigerian Stock Exchange closed on a positive note yesterday as the All/Share index appreciated by 0.1 per cent.

Investors yesterday traded 283.714 million shares worth N2.969 billion in 4467 deals.

This is against 309.876 million shares valued at N4.144 billion in exchanged hand the previous day in 4277 deals.

The result of the Nigerian Stock Exchange trading result for the day showed that market capitalisation of listed equities rose by N0.15 billion or 0.13 per cent to N11.754 trillion from N11.739 trillion recorded the previous day.

Also the NSE All Share Index (ASI) increased by 47.30 basis points to 36906.52 points from 36857.22 points point recorded on Monday.

A breakdown of the transaction showed that Transnational Corporation of Nigeria Plc (Transcorp) of conglomerates sector recorded the highest volume of activities, trading 58.359 million shares valued at N104.210 million, Diamond Bank accounted for 40.492 million shares worth N255.081 million while Unity Bank recorded 20.828 million shares cost N11.841 million. GTBank exchanged 15.680 million shares valued at N396.096 million and FBN Holding traded 14.541 million shares worth N242.626 million.

Further analysis of the investment indicated that Mobil Nigeria Plc led the gainers table, growing by N4.50 kobo to close at N114.55 kobo, Flourmills followed with a gain of N2.55 kobo to close at N82.55 kobo while UACN, Forte Oil and Cap Plc enhanced by N2.29 kobo, N2.17 kobo and N1.85 kobo respectively to close at N63.49 kobo, N45.57 kobo and N38.85 kobo.

On the contrary, Guinness Nigeria Plc topped the losers chart, dropping by N2.64 kobo to close at N247.00, Nestle Nigeria Plc trailed with a loss of N2.00 to close at N1000 while Cadbury Nigeria Plc loss N0.64 kobo to close at N49.31 and Ashaka Cement which went down by N0.50 kobo and N0.45 kobo respectively to close at N11.20 kobo and N20.10 kobo.