Mobil Gains As Nigeria Asi Rises By 2.02%

By Olakoyenikan Oluwasegun
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After the slight fall in the first week of this month, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) recorded the highest day-on-day gain since the beginning of the year after sixteen trading sessions on Monday by 2.02%.

Specifically, at the close of transactions yesterday, the ASI gained 475.23 points from23, 501.87 to close at 23, 977.10 points, compared with the depreciation of 0.07% recorded last Friday to close at 23,501.87 points.

Similarly, the Market Capitalization increased by N163 billion or 2.02% from N8.08 trillion to N8.25 trillion.

The price movement chart revealed that Dangote Cement led the losers’ chart with a loss of N6.70 to close at N134 per share.

UACN dropped by N1.03 to close at N20.89 per share, while 7UP fell by N0.95 to close at N176.70 per share.

ETI lost N0.70 to close at N15.70 per share and UBN trailed with a loss of N0.26 to close at N5.22 per share.

The appreciation in share prices of Mobil, UNILEVER, Nigerian Breweries, FLOURMILL and CAVERTON increased the value of the index as Mobil recorded the highest gain, leading the gainers’ table with N6.99 to close at N145.01 per share.

UNILEVER followed with N1.59 increase to close at N31.84 per share, while Nigerian Breweries gained N0.86 to close at N95.20.

FLOURMILL chalked up by N0.47 to close at N19.03 per share, while CAVERTON improved by N0.08 to close at N1.77 per share.

FCMB was the toast of investors’ having accounted for 42.86 million shares valued N38.58 million.

Diamond Bank followed by 28.22 million shares valued N47.71 million, while UBA traded 12.61 million shares worth N35.30 million.

ZENITH Bank and FBN Holdings followed by trading 10.07 million and 9.83 million shares valued N126.63 million and N38.61 million respectively.

At the end of trading yesterday, the total value of stocks traded on the floors of the NSE was N1.24billion as investors exchanged 148.44million shares in 2,445 deals.