Blue chips sustain price gain at NSE

Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday closed on a bullish note with some blue chips sustaining price gain.

Gainers

Seplat led the gainers’ table, gaining N28.18 to close at N303.18 per share.

7UP came second with N12.01 to close at N140, while Presco rose by N3.8 to close at N45.3 per share.

GT Bank grew by 4k to close at N26.5, while Dangote Cement appreciated by 39k to close at N175.89 per share.

Consequently, the NSE All-Share Index appreciated by 105.91 points or 0.38 per cent to close higher at 27, 599.03 against the 27,493.12 recorded on Tuesday.

Also, the market capitalisation, which opened at N9.442 trillion, rose by N36 billion or 0.38 per cent to close at N9.478 trillion.

Losers

On the other hand, Julius Berger led the losers’ table, dropping N4.7 to close at N43.69 per share.

Total Oil came second on the losers’ chart with N1.92 to close at N240, while Custodyins decreased by N1 to close at N3.85 per share.
HoneyFlour and Air Service dipped 7k each to close at N1.33 and N2 per share respectively.

In all, a total of 262.61 million shares valued at N4.88 billion were exchanged in 3,302 deals.

This was against a turnover of 230.14 million shares worth N2.74 billion achieved in 3,536 deals on Tuesday.

The financial services sector was the investors’ delight as Access Bank emerged the most traded stock, accounting for 39.93 million shares valued N221.595 million.

It was trailed by Diamond Bank, which sold 34.23 million shares worth N36.04 million, while GTBank accounted for 33.29 million shares valued at N883.22 million.

Zenith Bank traded 24.33 million shares worth N363.34 million, while investors in FBN Holdings staked N55.89 million on 18.63 million shares.