Nigerian Stock index rises by 1.05%

Salamatu Ejembi, Lagos

At the close of activities for Wednesday, the market capitalisation and NSE All Share Index grew by 1.05 per cent.

The market capitalisation closed at 9.645 trillion Naira thereby gaining 100 billion Naira or 1.05 per cent, when compared to previous closing of 9.544 trillion Naira.

Similarly, the NSE All Share Index closed at 27,900.44 basis points thereby gaining 290.77 basis points or 1.05 per cent, when compared to previous closing of 27,609.67 basis points.

Investors exchanged 371 million shares worth 3.49 billion Naira in 3,910 deals.

GAINERS

OANDO PLC regained its first position on the gainers list after falling deep on the losers’ chart. The stock gained by 77 kobo or 9.90 per cent when it closed at N8.55 per share as against previous closing price of N7.78 per share.

MAY & BAKER NIGERIA PLC is next with a 12 kobo or 9.84 per cent gain, to close at N1.34 per share compared to Tuesday’s closing price of N1.22 per share.

While LINKAGE ASSURANCE PLC gained by 4 kobo or 7.41 per cent to close at 58 kobo per share as against Tuesday’s closing price of 54 kobo per share.

LOSERS

C & I LEASING PLC made it to the top of the losers’ chart when it closed at 67 kobo per share, falling by 6 kobo or 8.22 per cent when compared to previous closing price of 73 kobo per share.

LAW UNION AND ROCK INS. PLC followed with 4 kobo or 4.76 per cent loss when it closed at 80 kobo per share compared to previous closing price of 84 kobo per share.

And LIVESTOCK FEEDS PLC also fell by 4 kobo or 4.71 per cent to close at 81 kobo per share compared to previous closing price of 85 kobo per share.

In all, 25 listed stocks appreciated at the close of activities today, while 13 depreciated and other remained unchanged.

Ime N