The Nigerian stock market rose by 1.73 percent yesterday driven by Mobil Oil Nigeria plc, Total Nigeria plc, Unilever Nigeria plc, Dangote Cement plc, and Julius Berger Nigeria plc, among others. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) closed high at 31,090.81 points as against 30,562.93 points the pre- ceding trading day, while Market Capitalisation closed at N10.497trn as against the previous level of N10.319trn, indicating value increase of N178bn. The Year-to-Date (ytd) return stood at -10.29 percent.
Mobil Oil Nigeria plc led the gainers’ table after its share price rose from N147.95 to N163, adding N15.05; while Total Nigeria plc gained N6.26 after its share price rose from N158.74 to N165. Also, Unilever Nigeria plc rose from N39.35 to N42.2, adding N2.85; Dangote Cement plc appreciated from by N2, from N153 to N155; Julius Berger Nigeria plc gained N1.94, from N41.81 to N43.75. Forte Oil plc led the losers’ table after its share price declined by N4.89, from N224.89 to N220. Cadbury Nigeria plc followed after losing N1.96, from N39.23 to N37.27; Nigerian Breweries lost N1.18, from N141.19 to N140.01; Guinness Nigeria lost N1, from N127 to N126; while FBN Holdings lost N0.14, from N8.8 to N8.66.
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The volume of equities traded decreased by 62.88 percent from 528.66m to 196.25m, while the total value of stocks traded declined by 58.75 percent, from N4.455bn to N1.838bn in 3,638 deals. Actively traded equities yesterday include Mansard Insurance plc, Zenith Bank plc, FBN Holdings plc, Transnational Corporation of Nigeria plc, and Access Bank plc. The Financial Services sector led the yesterday’s activity chart with 142.516 million shares worth N996m traded, while Consumer Goods followed with 16.943 million shares traded for N427m.
