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Unity Bank, Oando, others lift NSE’s market capitalisation by N94b

By on March 20, 2013

Following price gains by major blue chip companies, especially Unity Bank and Oando, equity transactions on the Nigerian Stock Exchange re-opened in an upbeat on Monday, as market capitalization rose by N94 billion.

Specifically, at the close of transactions yesterday, Unity Bank emerged the day’s highest price gainer with 6.25 per cent to close at N0.85 per share followed by Oando with 4.45 per cent to close at N17.60 per share.

Ashaka cement gained 4.35 per cent to close at N24.00 per share. Dangote cement added 3.89 per cent to close at N147.00 per share.

African Prudential, May&Baker, Okomuoil garnered 3.83,3.64 and 3.64 per cent to close at N1.90,N2.50 and N57.00 per share.

FTN Cocoa gained 3.45 to close at N0.60 per share. Skye bank added 2.74 per cent to close at N6.37 per share.

United Bank for Africa also added 2.53 per cent to close at N8.50 per share.

However, RT Briscoe topped the losers chart with 8.37 per cent to close at N2.08 per share while Cement Company of Northern Nigeria trailed with 7.62 per cent to close at N12.00 per share.

Fidson lost 6.55 per cent to close at N1.57 per share. Livestock shed 4.98 per cent to close at N1.57 per share.

WAPIC shed 4.70 per cent to close at N1.42 per cent.

Ikeja Hotel, Paint Company, UBCAP dropped 4.65,4.55 and 4.17 per cent to close at N0.82, N1.68 and 1.38 per share.

Japaul oil shed 3.97 per cent to close at N0.73 per share. Guinness also dropped 3.81 per cent to close at N265.01 per share.

Consequently, the All/Share index of the Nigerian Stock Exchange increased by N94 billion or 0.8 from N10,637 trillion to N10,543 trillion while the All/Share index increased by 293.46 points from 32,950.08 to 33,243.54.

On the activity chart, the banking sub-sector dominated in volume terms with 121 million shares worth N1.3 billion followed by the conglomerates with 38 million units valued at N80 million.

The insurance sub-sector ranked third with 18 million units worth N18.5 million.

In all, investors exchanged 230 million shares valued at N2.5billion in 4,791 deals.

( The Guardian )