Trading activities on the floor of the Nigerian Stock Exchange, NSE, on Tuesday, October 11,maintained an upward momentum from the previous session’s positive run.
Consequently, the All Share Index recorded a surge of 0.39 percent today to 28,034.32 points from opening figure of 27,925.00 points, thanks to strategic positioning by investors ahead of third quarter 2016 financials releases.
Altogether, investors gained N37.5 billion as market capitalisation closed at N9.629 trillion, the highest in the last five trading sessions while market breadth closed with 13 gainers to 21 losers.
Seplat Petroleum Plc topped the day’s 13 equity gainers following a gain of 5 percent or N17.50 to close at N367.51 per share, Vitafoam Plc followed with an appreciation of 4.91 percent or 13 kobo to close at N2.78 per share.
Livestock Plc likewise grew by 4.88 percent or 4 kobo to close at 86 kobo per share, Transcorp Plc came forth with an increase of 3.96 percent or 4 kobo to close at N1.05 per share and Zenith Bank Plc gained 3.37 percent or 49 kobo to close at N15.04 per share. Other equity gainers were Presco Plc, Nestle Nigeria Plc, Dangote Sugar Plc, and Access Bank.
United Bank for Africa (UBA) Plc also recorded gains of 2 percent in its share price to close at N4.18 per share, on account of good third quarter performance released yesterday. Africa Prudential Registrars, Stanbic and Nigerian Breweries Plc also recorded gains of varying degrees at the close of the day’s trade.
Conversely, Fidson Healthcare Pharmaceuticals Plc topped the losers chart with a loss of 4.82 percent or 8 kobo to close at N1.58 per share, Guinness Nigeria Plc dropped 4.80 percent or N3.83 to close at N76 per share, Neimeth Pharmaceuticals Plc also depreciated by 4.65 percent or 4 kobo to close at 82 kobo per share.
Aiico Insurance Plc came fourth on the losers list having shed 4.62 percent or 3 kobo of its share price to close at 62 kobo per share, while Caverton Plc depreciated 4.11 percent or 3 kobo to close at 70 kobo per share.
Trading in the top three equities were UBA Plc that sold 83.1 million units of shares valued at N346.2 million, Zenith Bank Plc came second with the sale of 19 million shares worth N282.5 million and Guaranty Trust Bank Plc sold 12.7 million units of shares valued at N303.4 million.
Market activity as measured by Volume and Value traded in 3,335 deals, settled at 234.2 million units and N2.7 billion respectively compared to 171.5 million units and N1.7 billion traded previously.
