LEADERSHIP
Written by:
Kehinde Akinseinde -Jayeoba - Lagos
Despite the short three-day trading last week as a result of the public holiday on Thursday 24 and Friday 25 to celebrate Eid-el-Maulu and Christmas, the Nigerian stock market made impressive gain as it recorded positive returns.
The market capitalisation, gained N114 billion to closed at N9.238 trillion on Wednesday, as against the N9.124 trillion of the previous week. The All-Share Index increased by 333.88 points or 1.26 per cent from 26,537.36 points to close at 26,831.24.
The NSE sector indices closed bullish aside NSE Consumer Goods and NSE Insurance which had weekly losses of 0.44 per cent and 1.02 per cent.
Transactions by volume and value of trades declined by 36 per cent and 51 per cent respectively as turnover of 743.12 million shares worth N6.59 billion in 8,325 deals were traded by investors on the floor of the Exchange compared to 1.15 billion shares valued at N13.32 billion exchanged in 13,285 deals recorded in the previous trading week.
Unity Bank Plc led the gainers’ table by 28.77 per cent to close at N0.94 per share, followed by Skye Bank Plc with a gain of N18.70 to close at N1.46, while E-Tranzact went up by 14.70 per cent to close at N3.20.
Mobil Plc advanced by 13.64 per cent to close at N143 and Forte Oil Plc appreciated by 12.81 per cent to close at N286.65 per share
On the other side, PZ Industries Plc led with a loss of 7.18 per cent to close at N26.90 per share. Fidson followed with a decline of 6.72 per cent to close at N2.50, while Avon Crown depreciated by 4.61 per cent to close at N1.45 per share.
Continental Reinsurance declined by 4.59 per cent to close at N1.04 and Portland Paints went down by 4.47 per cent to close at N3.42 per share.
The market capitalisation, gained N114 billion to closed at N9.238 trillion on Wednesday, as against the N9.124 trillion of the previous week. The All-Share Index increased by 333.88 points or 1.26 per cent from 26,537.36 points to close at 26,831.24.
The NSE sector indices closed bullish aside NSE Consumer Goods and NSE Insurance which had weekly losses of 0.44 per cent and 1.02 per cent.
Transactions by volume and value of trades declined by 36 per cent and 51 per cent respectively as turnover of 743.12 million shares worth N6.59 billion in 8,325 deals were traded by investors on the floor of the Exchange compared to 1.15 billion shares valued at N13.32 billion exchanged in 13,285 deals recorded in the previous trading week.
Unity Bank Plc led the gainers’ table by 28.77 per cent to close at N0.94 per share, followed by Skye Bank Plc with a gain of N18.70 to close at N1.46, while E-Tranzact went up by 14.70 per cent to close at N3.20.
Mobil Plc advanced by 13.64 per cent to close at N143 and Forte Oil Plc appreciated by 12.81 per cent to close at N286.65 per share
On the other side, PZ Industries Plc led with a loss of 7.18 per cent to close at N26.90 per share. Fidson followed with a decline of 6.72 per cent to close at N2.50, while Avon Crown depreciated by 4.61 per cent to close at N1.45 per share.
Continental Reinsurance declined by 4.59 per cent to close at N1.04 and Portland Paints went down by 4.47 per cent to close at N3.42 per share.
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