Equity Market Up 1.83%, As DangCem Leads Gainers | Independent Newspapers Limited
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Equity Market Up 1.83%, As DangCem Leads Gainers

Posted: Sep 8, 2015 at 12:12 am   /   by   /   comments (0)

By Gloria Ishaleku,


The Equities market on the floor of The Nigerian Stock Exchange (NSE) on Monday bounced back after closing in the red  at the weekend when two major market indicators, the All-Share Index and Market Capitalisation, appreciated by 1.83 per cent.

The All Share Index appreciated by 541.12 basis points or 1.83 per cent to close trading at 30,052.20 points compared with 29,511.08 recorded on Friday even as Market Capitalisation appreciated by N186.084 billion to close at 10.334 trillion as against N10.148 trillion recorded the previous trading day.

However, at the close of trading, a total of 214.954 million shares valued at N1.760 billion changed hands in 3,893 transactions, while the financial services sector recorded a total of 160.782 million shares worth N814,347 million in 1,827 transactions.

In the banking sub-sector, investors bought and sold a total of 129.728 million shares valued at N734.429 million in 1,524 transactions.

Dangote Cement sat atop the gainers’ table when it gained 469 kobo to close at N168.69 per share followed by Flourmills of Nigeria which appreciated by 110 kobo and closed at N23.10 per share, Guinness Nigeria nicked 100 kobo to closed at N129.00 per share, Stanbic IBTC appreciated by 90 kobo to close at N24.10 per share, while Okumo Oil Palm notched up 85 kobo and closed at N24.60 per share among others.

On the decliners’ table, UACN Property Development Company led with a depreciation of 41 kobo to close at N7.83 per share, followed by Caverton Offshore Support Group which dropped 34 kobo to close at N3.24 per share, Nigerian Aviation Handling Company shed 14 kobo to close at N4.31 per share, Honeywell Flourmill lost 13 kobo to close at N2.47 per share, while Eterna Oil went down by 9 kobo to close at N1.71 per share, among others.