What Do You Know About Securities And Exchange Commission? | Independent Newspapers Limited
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What Do You Know About Securities And Exchange Commission?

Posted: Aug 6, 2015 at 12:00 am   /   by   /   comments (0)

By Gloria Ishaleku, Lagos  –   Lagos


Demand in the equities market on Wednesday surged thereby sustaining the bullish run seen in the past two trading days to propel the two major market indicators, the All-Share Index and Market Capitalisation, to a 3.1 per cent rise.

The All Share Index appreciated by 944.89 basis points or 3.10 percent to close trading at 31,403.75 points compared with 30,458.86 recorded on Tuesday even as Capitalisation appreciated by N323.865 billion to close at 10.763 trillion.

At the close of trading, a total of 336.159 million shares valued at N3.037 billion changed hands in 3,694 transactions as against 668.324 million shares valued at N4.763 billion which changed hands in 3,961 deals the previous day, while the financial services sector contributed a total of 290.767 million shares worth N1.993 billion in 2,482 deals compared with 515.703 million shares valued at N3.644 billion in 2,641deals recorded on Tuesday.






In the banking sub-sector, investors bought and sold a total of 152.577 million shares valued at N1.730 billion in 1,646 transactions as against 215.246 million shares valued at N2.878 billion in 1,761 transactions recorded on Tuesday.


For the second  consecutive trading day, Forte Oil sat atop the gainers’ table when it led 35 others with a gain of 895 kobo to close at N202.95 per share followed by Dangote Cement which appreciated by 850 kobo and closed at N180.50 per share, breweries’ major, Nigerian Breweries nicked 605 kobo to closed at N127.05 per share, its peer- Guinness Nigeria appreciated by 593 kobo to close at N136.93 per share, while 7UP Bottling Company notched up 500 kobo and closed at N195.00 per share among others.


On the decliners’ table, Northern Nigerian Flourmills led with a depreciation of 73 kobo to close at N13.99 per share, followed by Berger Paints which dropped 49 kobo to close at N9.50 per share, Nigerian Aviation Handling Company shed 10 kobo to close at N4.75 per share, Champion Breweries lost 10 kobo to close at N4.99 per share, while Sterling Bank went down by 7 kobo to close at N2.08 per share, among others.