Don't Miss


Home   >   Nigerian Stock Exchange   >   NSE index gains 1.6% as top stocks rise

NSE index gains 1.6% as top stocks rise

By on November 16, 2014

The equities segment of the Nigerian Stock Exchange closed on a positive note for the third session this week with the NSE All Share Index rising by 1.6 per cent or 547.99 basis points to close at 34,515.47 basis points.

The ASI had risen by 296.73 basis points or 0.9 per cent from 33,670.75 basis points to 33,967.48 basis points the previous day.

In the same vein, the market capitalisation of the listed equities gained N181bn or 1.6 per cent to close at N11.432tn, compared the N98bn appreciation that raised it to N11.250tn on Wednesday.

Meanwhile, the NSE 30 Index, which measures the performance of the 30 most capitalised companies on the Exchange rose by 0.5 per cent to close at 1,560.35 basis points, while the NSE Banking Index declined by 1.8 per cent to 359.46 basis points from 366.11 basis points.

The banking sub-sector sustained its lead on the activity chart, accounting for 34 per cent of the 325.078 million shares worth N5.391bn, which were traded in 5,204 deals on Thursday.

In the sub-sector, 110.568 million shares valued at N1.761bn exchanged hands in 1,237 deals with volume being driven by trading in the shares of Zenith Bank Plc, Guaranty Trust Bank Plc and Access Bank Plc.

In all, 23 stocks appreciated on Thursday led by Cadbury Nigeria Plc, which gained 10.24 per cent or N4.33 to close at N46.63 per share.

Dangote Cement Plc rose by 10.23 per cent or N17.37 to close at N187.11 per share, while Unilever Nigeria Plc was up by 10.22 per cent or N3.04 to close at N32.80 per share.

Ikeja Hotel Plc rose by 9.87 per cent or 30 kobo to close at N3.34 per share, while Transnational Corporation of Nigeria Plc gained 9.79 per cent or 37 kobo to close at N4.15 per share.

On the other hand, 35 equities declined in price led by Airline Services and Logistics Plc, which was down by 9.29 per cent or 17 kobo to close at N1.66 per share.

United Bank for Africa Plc fell by 8.91 per cent or 46 kobo to close at N4.70 per share, while Champion Breweries Plc declined by 7.13 per cent or 64 kobo to close at N8.34 per share.

 

[Punch]