All-share index rises further by 2.1 per cent
August 27, 2009
THE dominance of the bulls in the equity sector of the Nigerian Stock Exchange continued yesterday, with blue chip stocks recording share price appreciations as the All-share index rose further by 2.1 per cent.
Precisely, corporate performance indices, the All-share index of the Exchange, increased by 495.58 points or 2.1 per cent from 22,984.14 recorded on Tuesday to 23,479.72, while market capitalisation increased by N100 billion or 1.9 per cent from N5.2 trillion to N5.3 trillion.
Precisely, 56 stocks appreciated in price, led by Total Nigeria Plc with 623 kobo, to close at N131 per share. Benue Cement Company Plc followed, adding 172 kobo, to close at N36.28. West African Portland Company Plc, Nigeria Bottling Company Plc, Flourmill Plc also featured, adding 162 kobo, 120 kobo and 102 kobo to close at N34.12, N25.35 and N21.44 per share.
Other major gainers of yesterday's transactions include GlaxoSmithKline Consumers Plc, UAC Properties Plc, Dangote Sugar Refinery Plc, First Bank Plc, Guaranty Trust Bank Plc, UACN Plc, United Bank for Africa Plc and Zenith Bank Plc, adding 93 kobo, 79 kobo, 77 kobo, 69 kobo, 65 kobo, 61 kobo, 53 kobo and 53 kobo to close at N20.20, N16.75, N16.17, N14.68, N13.73, N37.61, N11.16 and N11.20 per share.
On the other side, 29 stocks depreciated in price with Guinness Nigeria Plc emerging the day's highest price loser, shedding 25 kobo, to close at N137.00 per share, while Nestle Nigeria Plc followed with 188 kobo to close at N204.99 per share.
Seven-Up Nigeria Plc, Julius Berger Plc, Tripple Plc, Longman Nigeria Plc, Staco Insurance Plc, Oasis Insurance Plc, Deap Capital Management Plc and Ikeja Hotel Plc also shed 151 kobo, 128 kobo, 31 kobo, 30 kobo, 15 kobo, 14 kobo, 11 kobo and 11 kobo to close at N28.89, N24.37, N6.04, N8.20, N2.99, N2.82, N2.12 and N2.27 per share.
With transaction done in 2,293 deals, the banking sub-sector maintained its dominance in volume terms with 147.1 million shares valued at N877.6 million.
The insurance sub-sector followed with 63.2 million units, worth N73.2 million, in 434 deals, while the food/beverages and tobacco sub-sector ranked third with 43.5 million shares, valued at N418.3 million, in 408 deals.
Bank PHB Nigeria Plc strengthened activities in the banking sub-sector with 28 million shares, valued at N111.3 million, in 451 deals, while Spring Bank Plc followed with 18.2 million unit in 34 deals.
Standard Alliance Insurance Plc buoyed activities in the insurance sub-sector with 14 million shares, worth N14.7 million, in 55 deals, followed by Custodian and Allied Insurance Plc, which traded 10.3 million units, worth N27.6 million, in 27 deals.
The food/beverages and tobacco sub-sector was boosted by activities in the shares of Dangote Flourmills Plc, which traded 29.1 million shares, worth N184 million, in 183 deals, while Dangote Sugar Refinery Plc followed with 9.8 million units, valued at N160 million, in 59 deals.
In all, 334.2 million shares, worth N2.3 billion, were exchanged by investors, in 5,459 deals.
The Guardian Newspaper, Thursday August 27, 2009.
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