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Stock Market Watch: Market Cap gains N28billion on Wednesday

By on September 25, 2013

Transactions on the floor of the Nigerian Stock Exchange, NSE, ended on a positive note on Wednesday as the market capitalisation of the listed entities appreciated by N28 billion or 0.24 percent to close at N11.512 trillion as against Tuesday’s N11.484 trillion closing figure.

In the same vein, the All Share Index, ALSI, equally gained 87.53 points or 0.24 percent to close for the day at 36,143.55 basis points as against Tuesday’s 36,056.02 basis points figure.

At the close of trading on Wednesday, investors traded 294.69 million shares valued at N2.64 billion in 4,241 deals.

This was in contrast to the 251.31 million shares valued at N2.94 billion that exchanged hands in 4,719 deals on Tuesday.

Nestle was ahead of others in the top five gainers chart with a gain of N19.82k in its share price to close at N1, 001.00 per share.

Guinness was second with a price gain of N3.99k to close at N249.00 per share while Okomu oil was third with an addition of N2.25k on its share price to close at N48.05k per share.

Total Plc was fourth with a gain of N1.01k in its share price to close at N152.01k per share while Nigerian Breweries was last on the chart with a price gain of N0.91k to close at N161.00 per share.

However, the top five losers chart was led by CAP Plc with a loss of N4.33k in its share price to close at N39.07k per share.

Mobil was second with a price loss of N3.00 to close at N107.00 per share while UACN was third with a share price loss of N1.80k to close at N59.00 per share.

Ashaka Cement, which share price dipped by N1.00 to close at N19.00 per share, was fourth while Jos Breweries with a share price loss of N0.60k to close at N5.40k per share was last on the chart.

The top five trades by volume chart on Wednesday were led by Diamond bank with 46.72 million shares worth N290.99 million.

Transcorp was second with 33.54 million volume of shares valued at N52.09 million while UBA was third with 33.31 million shares worth N248.59 million.

Wema Bank was fourth with 32.62 million shares valued at N29.39 million while Dangote Sugar was last with 23.21 million shares valued at N254.06 million.