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Business Investors at the NSE records N177 billion gain

Investors gained about N177billion at the Nigerian Stock Exchange (NSE) last week. Investors’ buy-decision on the stock market last week had an impact on the stock pricing. With major gains in some blue-chips company, the market witnessed a boost in capitalization to N10.721trillion against N10.544trillion at the beginning of trading last week.

The All Share Index (ASI) of the Nigerian Stock Exchange crossed the psychological level of 33,000 points to close at 33,506.87 points. At the close of last week, equity dealers exchanged 296,258,541 shares worth N3.085billion in 4,568 deals, with Dangote Cement plc leading the list of gainers after adding N5 from N150 to N155 followed by Okomu Oil plc which gained N2, from N59 to N61. The other gainers include Cadbury Nigeria plc which rose from N34.20 to N34.95, adding N0.75; International Breweries plc which gained N0.55, from N21.30 to N21.85; while Berger Paints plc rallied from N9.96 to N10.45, adding N0.49.

On the other, the losers table include NewGold Exchange Traded Fund (ETF) with a loss of N11, from N2,491 to N2,480; followed by Nestle Nigeria plc which dipped by N10, from N870 to N860. The price of FGN Bond ‘FG9B2022S1’ declined from N132.10 to N128.82, after losing N3.28; Guinness Nigeria plc dipped by N2, from N267 to N265; while MRS declined from N26.18 to N24.88, losing N1.30.

The Nigerian bourse was strengthened by the volume of transactions recorded in the shares of Access Bank plc, United Bank for Africa plc, Unity Bank plc, Wema Bank plc, and GTBank plc.

Dealers exchanged 43,145,063 shares of Access Bank plc worth N443,596,883.09; 27,457,018 shares of United Bank for Africa plc worth N231,234,444.88; 22,265,786 shares of Unity Bank plc worth N17,894,015.08; 21,519,665 shares of Wema Bank plc valued at N31,224,859.27; and 17,001,942 shares of GTBank plc worth N423,461,989.51.
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