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Home Sectors BUSINESS & ECONOMY NSE Index Up 1.25% As Highly Capitalised Stocks Rally
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NSE Index Up 1.25% As Highly Capitalised Stocks Rally

January 10, 2017
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    Stock Market Dips Further In Face Of More Deals

    Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Monday, January 9, closed positive with the market indices leaping by 1.25 per cent, buoyed by gains of some highly capitalised equities.

    As such, the All-Share Index which opened trading at 26,251.39 appreciated by 328.83 points or 1.25 per cent to close at 26,580.22.

    Similarly, the market capitalisation soared by N113 billion or 1.25 per cent to close at N9.145 trillion compared to N9.032 trillion achieved on Friday.

    Dangote Cement topped the advancers’ chart adding N2 to close at N169 per share. It was trailed by Guaranty Trust Bank with a gain of N1.06 to close at N24.60.

    Total gained N1 to close at N300 per share. Zenith International Bank soared by 72k to close at N15.49 and UACN added 36k to close at N17 per share.

    Conversely, 7UP topped the laggards’ table with a loss of N6.45 to close at N122.55 per share.

    Ashaka Cement followed with a loss of 57k to close at N10.86, while Cadbury lost 47k to close at N9.03 per share.  Forte Oil dropped 21k to close at N80.37 and Ikeja Hotel depreciated by 17k to close at N3.33 per share.

    Fidelity Bank posted the highest volume of activities, accounting for 33.85 million shares worth N30.20 million. Access Bank followed with a total of 29.23 million shares valued at N189.74 million and United Capital traded 19.66 million shares worth N64.58 million.

    FBN Holdings sold 16.77 million shares valued at N59.86 million, while United Bank for Africa exchanged 15.79 million shares valued at N77.182 million.

    At the end of trading, investors traded 219.03 million shares worth N1.41 billion transacted in 3,423 deals, in contrast with a turnover of 210.21 million shares valued at N1.51 billion achieved in 2,659 on Friday

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