Equities Market Rebounds, Grabs N16.39b | Independent Newspapers Limited
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Equities Market Rebounds, Grabs N16.39b

Posted: Sep 17, 2015 at 12:10 am   /   by   /   comments (0)

By Bamidele Ogunwusi,


After opening trading on the floor of The Nigerian Stock Exchange (NSE) in red on Wednesday, equities market twin indicators, the All Share Index and Market Capitalisation appreciated by 0.15 per cent each.

Market Capitalisation appreciated by N16.392 billion to close at N10.433 trillion as against N10.417 trillion recorded at the close of trading on Tuesday while the All Share Index gained 47.7 basis points or 0.15 per cent to close trading at 30, 359.47 points compared with 30,311.77 recorded on Tuesday.

A total of 169.856 million shares worth N1.417 billion changed hands in 3,512 transactions as against 413.883 million shares worth N2.361 billion in 4,331 transactions recorded on Tuesday with the financial services sector accounting for a total of 89.283 million shares valued at N482.456 million in 1,157 deals compared with 323.093 million shares valued at N1.006 billion in 1,632 deals recorded the previous day.

In the banking sub-sector, investors bought and sold a total of 57.671 million shares valued at N424.912 million in 876 deals as against 86.840 million shares valued at N829.953 million in 1,254 transactions recorded on Tuesday.

, while the premium board recorded a total of 50.325 million shares valued at N433.483 million in 864 deals compared with 30.027 million shares valued at N380.899 million in 807 deals recorded the previous trading day.

Petroleum marketer, Total Nigeria, led 25 others on the advancers table when it nicked 638 kobo to close at N150.00 per share, followed by Seplat Petroleum Development Company which appreciated by 300 kobo to close at N233.00 per share, Mobil Nigeria added 250 kobo to close at N145.00 per share, Cadbury Nigeria grabbed 114 kobo to close at N24.07 per share, while Guaranty Trust Bank recovered 51 kobo to close at N24.01 per share, among others.

On the flip side, for the second consecutive day, breweries, major, Guinness Nigeria led the decliners’ table on Wednesday when it went down by 722 kobo to close at N155.23 per share, followed by Forte Oil which lost 129 kobo to close at N226.50 per share, Nigerian Breweries slipped by 55 kobo to close at N134.00 per share, FBN Holdings depreciated by 14 kobo to close at N6.34 per share, while Unity Bank dropped 11 kobo to close at N1.25 per share, among others.