Trading on the floor of the Nigerian Stock Exchange (NSE), reopened in an upbeat yesterday, occasioned by in some blue chip stocks, causing investors’ wealth to appreciate by N76 billion.
The All Share Index (ASI) rose by 158.97 points or 0.60 per cent to 26,695.18 points as investors gained N76 billion in value as market capitalization rose to N12.884 trillion.
The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Guinness Nigeria, Dangote Cement, PZ Cussons Nigeria, and United Bank for Africa (UBA), and Access Bank.
Guinness Nigeria recorded the highest price gain of 9.83 per cent to close at N32.40 per share. PZ Cussons Nigeria followed with 9.52 per cent to close at N5.75, while AG Leventis & Company appreciated 7.69 per cent to close at 42 kobo, per share.
UBA rose 6.06 per cent to close at N7.00, while Access Bank appreciated 4.26 per cent to close at N9.80, per share.
Meanwhile, Neimeth International Pharmaceuticals and Cornerstone Insurance led the losers’ chart with 9.09 per cent each, to close at 60 kobo, each, per share.
University Press followed with 8.33 per cent to close at N1.21, while FBN Holdings and Royal Exchange shed 3.85 per cent each, to close at N6.25 and 25 kobo, respectively, per share.
Total volume traded increased by 9.77 per cent to 170.52 million shares worth N2.05 billion, traded in 2,700 deals. Transactions in the shares of Access Bank topped the activity chart with 41.16 million shares valued at N396.95 million.
UBA followed with 29.24 million shares worth N201.96 million, while Zenith Bank traded 25.59 million shares valued at N479.81 million.
Guaranty Trust Bank traded 11.32 million shares at N332.86 billion, while Transnational Corporation of Nigeria (Transcorp) transacted 10.05 million shares worth N9.88 million.