Nigerian listed equities gained approximately N52billion on Wednesday December 5, 2018 as investors rushed to buy the shares of Dangote Cement Plc and other value counters.
The Nigerian Stock Exchange (NSE) All Share Index (ASI) increased by 0.47 percent from 31,007.25 points to 31,151.68 points. The value of listed equities – the market capitalisation increased to N11.372trillion from preceding day level of N11.320 trillion.
Nineteen (19) stocks gained against 18 losers. The stock market’s year-to-date (YTD) returns currently stands at -18.54percent. In 2,845 deals stock dealers exchanged 198,637,464 units valued at N2.309billion.
FBN Holdings Plc, Access Bank Plc, Diamond Bank Plc, FCMB Group Plc, and GTBank Plc were actively traded stocks. Dangote Cement Plc recorded the highest price gain from N185 to N190, up by N5 or 2.70percent. Stanbic IBTC Holdings Plc followed from N46.55 to N47.5, adding 95kobo or 2.04percent.
Flourmills Nigeria Plc stock price advanced from N20.15 to N21, up 85kobo or 4.22percent; PZ Cussons Nigeria Plc from N10.3 to N10.9, up 60kobo or 5.83percent; while Oando Plc share price gained 25kobo from N4.7 to N4.95, up by 5.32percent.
Seplat stock recorded the highest value decline from N614 to N598.9, down by 15.1 or 2.46percent. Cement Company of Northern Nigeria Plc followed after its share price dropped from N18 to N16.25, down N1.75 or 9.72percent.
International Breweries Plc recorded decline of N1.3 from N30.75 to N29.45, down by 4.23percent. GTBank Plc lost 65kobo or 1.81percent, from N35.95 to N35.3; while UAC of Nigeria Plc dipped from N10 to N9.5, losing 50kobo or 5percent.
