NSE Gains 0.23% As Highly Capitalised Stocks Rally

Cutix Plc led the day’s 14 advancers to close at N1.66 per share following a gain of 9.21 percent or 14 kobo, Total Oil Plc also gained 8.06 percent or N16.60 to close at N222.60 per share, while Mobil Oil Plc added 5 percent or N8.10 to close at N170.10 per share.

Stanbic IBTC Plc gathered 4.15 percent or 55 kobo to close at N13.80 per share, Vitafoam followed with a gain of 3.57 percent or 10 kobo to close at N2.90 per share.

On the other hand, AIICO Insurance Plc led 17 declining stocks on account of a 6.94 percent reduction in the value of its shares to close at 67 kobo per share, International Breweries followed with a loss of 4.96 percent or 96 kobo to close at N18.38 per share.

Continental Reinsurance Plc dropped 4.90 percent or 5 kobo to close at 97 kobo per share, Transcorp gained 4.76 percent or 6 kobo to close at N1.20 per share, and Diamond Bank Plc shed 4.43 percent or 7 kobo to close at N1.51 per share.

The three most traded stocks of the day were FBN Holdings which accounted for 30.8 million shares valued at N101.9 million, Fidelity traded 23.1 million shares worth N24.5 million; and Guaranty Trust Bank sold 14.1 million shares valued at N340.6 million.

At the end of the day’s trading investors had exchanged a total of 155.8 million shares worth N1.5 billion in 3,320 deals compared to 301.2 million shares worth N2.3 billion exchanged in 3,681 deals on Wednesday, August 4.