Bullish Trend Continues As NSE Index Up 0.29% | Independent Newspapers Limited
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Bullish Trend Continues As NSE Index Up 0.29%

Posted: Aug 7, 2015 at 12:39 am   /   by   /   comments (0)

By Bamidele Ogunwusi and  Gloria Ishaleku, 



Equities market gains extend on Thursday on the floor of the Nigerian Stock Exchange (NSE) thereby maintaining the bullish hold to boost market when two major market indicators, the All-Share Index and Market Capitalisation, appreciated by 0.29 per cent each.

Market Capitalisation added N31.523 billion to close at 10.795 trillion as against N10.763 trillion recorded on Wednesday even as the All Share Index appreciated by 91.98 basis points to close trading at 31,495.73 points compared with 31,403.75 recorded the previous day.

A total of 532.289 million shares worth N5.329 billion changed hands in 4,402 transactions as against 336.159 million shares valued at N3.037 billion which changed hands in 4,242 deals the previous day, while the financial services sector recorded a total of 468.973 million shares worth N3.696 billion in 2,480 deals compared with 290.767 million shares valued at N1.993 billion in 2,482 deals recorded on Wednesday.






In the banking sub-sector, a total of 202.507 million shares valued at N2.877 billion were bought and sold in 1,435 transactions as against 152.577 million shares valued at N1.730 billion in 1,646 transactions recorded the previous trading day.


Atop the gainers’ table was breweries’ major, Nigerian Breweries, which gain 767 kobo to close at N134.72 per share, followed by Mobil Nigeria which added 499 kobo and closed at N155.00 per share, PZ Cussons nicked 300 kobo to close at N33.00 per share, while Dangote Cement appreciated by 50 kobo to close at N181.00 per share, while Transnational Corporation of Nigeria increased by 24 kobo to close at N2.70 per share among others.


After leading the gainers’ table for two consecutive trading day, petroleum marketer, Forte Oil closed northward when it went down by 295 kobo to close at N200.00 per share, followed by 7UP Bottling Company which depreciated by 250 kobo to close at N192.50 per share, Flourmills of Nigeria shed 162 kobo to close at N30.84 per share, Ecobank Transnational Incorporated lost 60 kobo to close at N20.00 per share, while Oando went down by 45 kobo to close at N12.00 per share, among others.