Investors gain N28.6bn as Conoil, Afriprud, Unilever top gainers

The Nigerian Stock Exchange (NSE) equities market segment closed Thursday on a positive note for the fourth consecutive trading session.

Investors gained N28.60 billion as market capitalization closed at N9.523 trillion while NSE All Share Index (NSE ASI) also appreciated by 0.30 per cent to settle at 27,725.40 basis points from 27,642.13 basis points it opened on Thursday.

Market activity as measured by Volume traded appreciated by 9.87 percent and Value traded depreciated by -10.72 per cent to settle at 200.28 million units and N1.59 billion respectively.

The day’s trading activities showed investors’ sentiment turned positive as market breadth closed with 28 gainers to 16 losers, Conoil Plc proceeded to top the day’s 28 advancing stocks for the third consecutive trading sessions with a gain of 10.23 per cent or N2.68 to close at N28.89 per share following the declaration of an impressive 2015 full year results.

Africa Prudential Registrars Plc followed with an appreciation of 8.46 per cent or 22 kobo to close at N2.82 per share, Unilever Plc added 6.79 per cent or N2.87 to close at N45.15 per share, Sterling Bank Plc grew 5.21 per cent or 5 kobo to close at N1.01 per share and Cutix Plc increased by 4.97 per cent or 8 kobo to close at N1.69 per share.

On the flip side, Neimeth Pharmaceuticals Plc led the day’s losers with a decline of 8.47 per cent or 10 kobo to close at N1.08 per share, Skye and Wema Bank Plc followed with a depreciation of 4.55 per cent or 3 kobo each to close at 63 kobo per share respectively, Transcorp Plc lost 4.46 per cent or 5 kobo to close at N1.07 per share, while Unity Bank Plc depreciated 4.29 per cent or 3 kobo to close at 67 kobo per share.

The top three traded stocks were: First City Monument Bank (FCMB) Plc with the sale of 49.4 million shares worth N49.4 million, followed by Access Bank Plc that exchanged 23.5 million shares worth N130.7 million, and N.E.M Plc traded 17.1 million stocks valued at N13.7 million.