Bullish Run Continues As NSE Index Up 0.21% | Independent Newspapers Limited
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Bullish Run Continues As NSE Index Up 0.21%

Posted: Sep 30, 2015 at 12:10 am   /   by   /   comments (0)

By Bamidele Ogunwusi


For the second consecutive trading day, trading on the floor of The Nigerian Stock Exchange (NSE) on Tuesday closed in positive territories as the market twin indicators, the All Share Index and Market Capitalisation appreciated by 0.20 per cent each.

Market Capitalisation appreciated by N21.554 billion to close at N10.593 trillion as against N10.572 trillion recorded at the close of trading on Monday, while the All Share Index closed at 30,825.00 points after it gained 62.71 basis points or 0.20 per cent compared with 30, 762.29 points recorded the previous trading day.

Investors bought and sold a total of 707.912 million shares valued at N2.512 billion in 3,787 transactions as against 266.652 million shares valued at N3.179 billion in 3,366 transactions recorded on Monday with the financial services sector accounting for a total of 537.474 million shares valued at N1.024 billion in 1,307 deals compared with 195.553 million shares valued at N1.729 billion in 1,179 deals recorded on Monday.

However, the banking sub-sector recorded a total of 102.130 million shares valued at N744.151 million in 1,047 deals as against 149.084 million shares valued at N1.650 billion in 935 deals recorded last trading day as the premium board recorded a total of 72.554 million shares valued at N685.563 million in 848 deals compared with 42.251 million shares valued at N634.127 million in 623 deals recorded on Monday.

Building materials’ major player, Dangote Cement led 19 others on the gainers’ table when it gained 299 kobo to close at 171.99 per share, followed by breweries’ major, Nigerian Breweries which grabbed 97 kobo to close at N147.01 per share, Flour Mills of Nigeria added 75 kobo to close at N22.77 per share, Berger Paint appreciated by 49 kobo to close at N10.42 per share, while University Press nicked 26 kobo to close at N5.46 per share, among others.

Construction giant, Julius Berger Nigeria led the laggards’ table as it went down by 188 kobo to close at N40.00 per share, followed by PZ Cussons Nigeria which depreciated by 100 kobo to close at N26.20 per share, Zenith Bank dropped 51 kobo to close at N17.01 per share, Lafarge Cement WAPCO lost 50 kobo to close trading at N97.50 per share, while UAC of Nigeria also suffered a setback of 50 kobo to close at N31.00 per share, among others.