Equity investors gain N37.5bn as Seplat, Vitafoam lead gainers
The Nigerian Equities market continued on a positive trend on Tuesday as strategic positioning by investors ahead of third quarter 2016 financials releases prevailed.
Equity investors on the Exchange gained N37.5 billion as market capitalisation closed at N9.629 trillion the highest in the last five trading sessions as the All-Share Index also recorded an increase of 0.39 per cent to 28,034.32 basis points from opening figure of 27,925.00 basis points.
Overall investor sentiment still remained negative as market breadth closed with 13 gainers to 21 losers. Seplat Petroleum Plc topped the day’s 13 equity gainers following a gain of 5 per cent or N17.50 to close at N367.51 per share, Vitafoam Plc followed with an appreciation of 4.91 per cent or 13 kobo to close at N2.78 per share.
Other major gainers for the day were Livestock Plc which grew by 4.88 percent or 4 kobo to close at 86 kobo per share, Transcorp Plc came fourth with an increase of 3.96 percent or 4 kobo to close at N1.05 per share and Zenith Bank Plc gained 3.37 per cent or 49 kobo to close at N15.04 per share. Other equity gainers were Presco Plc, Nestle Nigeria Plc, Dangote Sugar Plc, and Access Bank.
United Bank for Africa (UBA) Plc also recorded gain of two per cent to close at N4.18 per share, on account of good third quarter performance released on Monday. Africa Prudential Registrars, Stanbic and Nigerian Breweries Plc also recorded gains of varying degrees at the close of the day’s trade.
On the flip side, Fidson Healthcare Pharmaceuticals Plc topped the losers chart with a loss of 4.82 per cent or 8 kobo to close at N1.58 per share, Guinness Nigeria Plc dropped 4.80 per cent or N3.83 to close at N76 per share, Neimeth Pharmaceuticals Plc also depreciated by 4.65 per cent or 4 kobo to close at 82 kobo per share.
AIICO Insurance Plc came fourth on the losers list having shed 4.62 per cent or 3 kobo of its share price to close at 62 kobo per share, while Caverton Plc depreciated 4.11 per cent or 3 kobo to close at 70 kobo per share.
Market activity as measured by volume and value traded in 3,335 deals, settled at 234.2 million units and N2.7 billion respectively compared to 171.5 million units and N1.7 billion traded previously.
Trading in the top-three equities were UBA Plc that sold 83.1 million units of shares valued at N346.2 million, Zenith Bank Plc came second with the sale of 19 million shares worth N282.5 million and Guaranty Trust Bank Plc sold 12.7 million units of shares valued at N303.4 million.
Great work! This is the kind of info that are meant to be shared around the web. Shame on Google for not positioning this publish upper! Come on over and discuss with my web site . Thanks =)
Terrific paintings! That is the type of information that are supposed to be shared across the web. Disgrace on Google for not positioning this put up upper! Come on over and consult with my website . Thanks =)
Iím not that much of a online reader to be honest but your sites really nice, keep it up! I’ll go ahead and bookmark your website to come back later on. Cheers
There are some attention-grabbing deadlines on this article but I don’t know if I see all of them heart to heart. There’s some validity however I will take hold opinion until I look into it further. Good article , thanks and we would like extra! Added to FeedBurner as properly
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why waste your intelligence on just posting videos to your site when you could be giving us something informative to read?